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Failed Hankook takeover a lesson for conglomerates

The attempt by homegrown private equity firm MBK Partners to acquire a stake in Hankook & Co. the holding company behind South Korean tire giant Hankook Tire & Technology has failed, but it has served as a wake-up call for Korean conglomerates with poor corporate governance. MBK’s move in the last few weeks for a hostile takeover of Korea's No. 1 tire company and its demand for the improvemen. ....

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MBK ups stakes in Hankook bid

Seoul-based private equity firm MBK Partners is gearing up for a second round in a battle for control of Hankook & Co., the holding company behind the world’s sixth-largest tiremaker, Hankook Tire & Technology. On Friday, MBK Partners announced through Ventura, a special purpose company set up by the private equity firm, that it has raised its offer for the public tender for Hankook & Co., from 20,0. ....

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MBK Partners Rules Out Possibility of Raising Price of Tender Offer for Hankook & Company

MBK Partners Rules Out Possibility of Raising Price of Tender Offer for Hankook & Company
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MBK Partners rules out possibility of raising price of tender offer for Hankook & Company

Private equity firm MBK Partners has ruled out the possibility of raising the price of its public tender offer for Hankook & Company, the holding company of Korea s top tiremaker, a source close to the matter said Monday. ....

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Tire tycoon's family feud rekindled

A sibling feud over the management of Hankook & Co., the holding company behind the world’s sixth-largest tiremaker, Hankook Tire & Technology, has been reignited, as the older of the two brothers has joined hands with a major private equity house to shore up his stake. Asia's largest private equity firm MBK Partners announced through a regulatory filing Tuesday that it has launched a public tender. ....

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