Hyundai-LG Semicon merger gets EU, US go-ahead
No antitrust issues
Posted in Business, 1st July 1999 11:35 GMT
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A report in the Korean press said that the merger of Hyundai and LG Semicon's memory business has been cleared by EU and US antitrust bodies. The Korea Herald said that meant Hyundai executives are likely to take over the management of the company in the next few days. LG Semicon officials will step down. According to the newspaper, the Taiwanese authorities are also likely to clear the deal. ®
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