South Korea court rules in favour of Samsung subsidiaries merger
Samsung Group
Seoul - Arab Today
A South Korean court on Wednesday ruled in favour of the proposed merger of two Samsung Group subsidiaries, rejecting a US hedge fund's request for a court order to stop the move.
US hedge fund Elliott had filed a lawsuit asking for a court injunction to stop Cheil Industries acquiring Samsung C&T Corp through an all-stock deal, a move by Samsung's founding Lee family to boost control over the conglomerate ahead of a generational power transfer.
"The court rejected the request from Elliott", a court spokesman told AFP.
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Bucharest - SANA
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Moscow - TASS
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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