Icahn, hedge funds interested in Samsung?
Now this would be something: News reports have suggested that Carl Icahn may be interested in mounting a takeover bid for Samsung, the Korean electronics giant. Samsung is taking all the talk seriously. Apparently, it is getting its defensive measures in place to defend again any hostile bid. Other foreign buyout funds may also be interested. I have to say I am highly skeptical. True, foreign investors own nearly 50 percent of the shares, according to the AP. But U.S. hedge funds have not fared well in the country. In fact, the government seems down right hostile toward hedge funds that swashbuckle their way in. You can bet the government will come to the company's aid, in a huge way. But perhaps the hedge funds know something I don't. Frankly, if someone were to try something so audacious it would be a lot fun to observe.
For more:
- here's an AP update




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