(Bloomberg) -- Hyundai Samho Heavy Industries Co.,
a private unit of the world's largest shipbuilder, will take a 1
percent stake in Posco, the South Korean steelmaker that is
shoring up its defenses against a possible takeover bid.
The company's board decided July 9 to buy 872,000 shares in
Asia's third-largest steelmaker to boost returns on capital, it
said in a regulatory filing July 16. At the close of trade that
day, the Posco stock was worth 484 billion won ($527 million).
Read more at Bloomberg Emerging Markets News
a private unit of the world's largest shipbuilder, will take a 1
percent stake in Posco, the South Korean steelmaker that is
shoring up its defenses against a possible takeover bid.
The company's board decided July 9 to buy 872,000 shares in
Asia's third-largest steelmaker to boost returns on capital, it
said in a regulatory filing July 16. At the close of trade that
day, the Posco stock was worth 484 billion won ($527 million).
Read more at Bloomberg Emerging Markets News
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