All posts tagged Daewoo International
Daewoo International Update: Posco expected to increase offer due to expected strong bid from Lotte
South Korean steelmaker Posco is expected to increase its offer for Daewoo International, as Lotte has emerged as a strong runner in the sale, reported the Maeil Business.
The unsourced report claimed that Posco, which is very eager to acquire the …
Daewoo International Update: Preliminary bidding scheduled for 15 March
Preliminary bidding for Daewoo International, the listed South Korean wholesaler, is scheduled to take place on 15 March, reported Edaily. The report, which cited industry sources, stated the financial
Posco likely to sell Kyobo Life stake after proposed acquisition of Daewoo International
Posco, the Korean steel company, may sell a stake in the insurer Kyobo Life if it succeeds in acquiring Daewoo International, the Korea Economic Daily reported. The report cited
Lotte Group seeks to continue shopping spree
Lotte Group has had an active start to 2010, acquiring Buy the Way and the department and discount stores of GS Retail, but they may have bigger plans
Korea’s M&A market gaining steam
As temperatures finally start to rise in Korea, the M&A market might also be heating up according to the article 'Flurry of mergers on horizon', in Korea's JoongAng
Kyobo Life: Lotte may sell stake held by Daewoo International, after proposed acquisition
Edaily reported that Lotte may sell a stake in Kyobo Life held by Daewoo international, if it succeeds in acquiring Daewoo International. The article, cited an unspecified insider at
Daewoo International Update: Four companies submit LOI
Yonhap News reports, that four letters of intent have been submitted, to buy a controlling stake in Daewoo International. The group includes POSCO, the country's top steelmaker, Lotte Group,
Daewoo International Update: Samtan, plus possibly three more companies rumored to participate in bidding
Samtan, the coal mining unit of listed South Korea-based Samchully, is thought to be considering a bid for Daewoo International, Money Today reported, citing unidentified market sources. The report
Daewoo International Update: Bid deadline today; POSCO likely to be only bidder
Posco will likely become the sole bidder for Daewoo International, as no other companies have expressed serious interest ahead of today’s deadline for making an offer. The article Posco
Daewoo International Update: Single bidder could prevent sale
The stake sale in Daewoo International may fall through because South Korean regulations do not allow single bidder auctions for state-owned assets, according to this article in Korea's Money
