Samsung Heavy scraps Samsung Eng takeover on $1.5 billion stock buy back costs
Shareholders doubting the synergies of the merger had asked the two companies to buy back their stock for a higher-than-budgeted $1.5 billion.
Nov 19, 2014, 10:35 AM IST
Samsung`s shipbuilding, engineering units to merge
The board members of Samsung Heavy Industries, the world`s third-largest shipmaker, and Samsung Engineering had approved the tie-up via a share swap, said a joint statement.
Sep 01, 2014, 09:06 AM IST