Flashlight Capital urges Samsung affiliates to sell S-1 stake through open auction
The activist investor said Samsung Group affiliates declined its 906.6 billion won offer for a 20.6% stake in S-1.
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Activist Flashlight Capital urges Samsung to sell S-1 stake through open auction
Activist investor Flashlight Capital on Monday called on Samsung Group affiliates to launch a sale process for their stake in S-1 Corporation KRX:012750 through an open auction after the affiliates declined its 906.6 billion won ($667.06 million) offer for their 20.6% stake in the South Korean secu…
Flashlight Capital urges Samsung affiliates to sell S-1 stake in open auction
The firm asked the five Samsung affiliates holding 20.6% of S-1 to appoint sell-side advisers and launch a competitive sale process. Flashlight Capital said its KRW906.6 billion offer for the stake was declined for lack of deal certainty.