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Hankook takeover bid fails

Author: Stephen Goodchild Comments: 0
(Photo: Stephen Goodchild/Tyre Industry Publications Ltd)

Christmas is a time of togetherness with kinsfolk, but not if you’re a member of Hankook’s Cho family. On December 25, efforts by private equity firm MBK Partners – in collaboration with three Cho siblings – to acquire a controlling stake in Hankook & Company failed after MBK’s tender offer secured insufficient subscriptions.

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