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Elder Brother Cho Hyun-Sik Joins Hands With MBK Partners to Tender Offer Hankook & Co. Shares
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1.2k Views05 Dec 2023 07:33
Cho Hyun-Sik has joined hands with MBK Partners to make a tender offer for shares of Hankook & Co for a minimum of 20.35% and maximum of 27.32% stake. Tender offer price is 20,000 won.
Boomeranged on Thu, 14 Dec 2023 18:41
Cho Yang-Rae, honorary chairman of Hankook & Co, purchased a 2.72% stake in the company worth 57 billion won. In June 2020, With Cho Yang-Rae's recent acquisition of shares, Cho Yang-rae and Cho Hyun-beom now own about 45% of Hankook & Co. This has raised the probability of this tender offer by the first son Cho Hyun-Sik and MBK Partners failing at the tender offer price of 20,000 won.
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