Firms in Fed’s Beige Book Fret Over Any Lengthy Baltimore Port Closure
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
Samsung Heavy and Samsung Engineering shares rose sharply on Wednesday after Samsung Heavy Chief Executive Park Dae-young said the two firms should eventually merge for long-term synergy.
But the two firms said in separate exchange filings on Thursday that no such a deal was being considered.
Samsung Heavy’s 2014 takeover attempt of Samsung Engineering failed due to shareholder opposition.
(Reporting by Se Young Lee; Editing by Edwina Gibbs)
(c) Copyright Thomson Reuters 2015
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