More bovver hits Hyundai-LG deal
The path to true merger is never smooth...
Today's Korea Herald is reporting that the giant semiconductor company merger between Hyundai and LG faces anti-trust investigation by both the EU and the US. The putative merger, pushed through by the South Korean government in the teeth of relentless LG opposition, was supposed to have been concluded by the first of April this year. Squabbling over money has delayed the deal, but now the Herald is reporting that both the US and the European Union will announce their opposition to the wedding. Hyundai, according to the reports, will pre-empt any investigation by opening itself to investigation by the two large trade blocs. ® RegiStroid A The word 'bovver' is the Londoner's way of saying 'bother'.
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