Elliott Management Presentation on Samsung C&T
Elliott Management and Paul Singer put out a presentation today on Samsung C&T and Cheil Industries. The story is well-told that Elliott is trying to block the deal. Its basis is that the deal is unfair and unlawful to Samsung C&T shareholders.
Elliott admits that restructuring the Samsung Group empire is necessary, they are not insulated from having to adhere to applicable corporate governance standards.
Here's Elliott's presentation: