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Samsung Suffers Symbolic Blow From Seoul Court $QQQ

WSJ.com

SEOUL—A South Korean appeals court unexpectedly sided with minority shareholders on last year’s $8 billion merger of two Samsung Group affiliates, dealing a symbolic blow to the third-generation heir of South Korea’s largest conglomerate.

The Seoul High Court ruled Tuesday that the merger of Samsung C&T Corp. and the conglomerate’s de facto holding company, Cheil Industries Inc., shortchanged the minority shareholders opposed to…

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