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Korea's tender-offer bill would make a 30% control buyer bid for 20 more points
Korean lawmakers on a National Assembly committee backed a bill on Sept. 17 making any new 25% largest holder of a listed company bid for shares up to 50% plus one. In a 30% block sale that means buying about 20 more points, and the block's seller may end up paying for them.
Publishers:en.sedaily.com
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