Korea Zinc sweetens tender offer price for own shares in management battle
Korea Zinc Inc., a leading non-ferrous metal smelter, said Friday it has raised its tender offer price for its own shares as part of an intensifying management battle with the coalition of its largest shareholder, Young Poong Corp., and private equity firm MBK Partners. The offer price increased to 890,000 won ($660) per share from the current 830,000 won, Korea Zinc said in a regulatory filing. The company also plans to acquire 17.5 percent of its total shares, or 3.62 million shares, through t
Oct. 11, 2024