SEOUL, Sept 17 (Reuters) – Samsung Heavy Industries Co Ltd and Samsung Engineering Co Ltd, affiliates of South Korean conglomerate Samsung Group, said on Thursday they have no plans to merge with each other.
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
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
Israeli naval forces boarded and seized a charity vessel carrying Swedish activist Greta Thunberg, which had tried to break the naval blockade of the Gaza Strip on Monday.
By Crispian Balmer JERUSALEM, June 8 (Reuters) – Israeli Defence Minister Israel Katz told the military on Sunday to stop a charity boat carrying activists including Sweden’s Greta Thunberg who are planning to defy...
The Australian National Maritime Museum (ANMM) has released its final report confirming the discovery of one of maritime history’s most significant vessels – HMS Endeavour – in Newport Harbor, Rhode...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
