As a fierce merger fight between Samsung Group’s Lee family and activist investor Paul Elliott Singer has raged in South Korea, the Lees have marshaled their best arguments for the deal, splashed ads on the front pages of the nation’s newspapers, and courted minority shareholders in person.
Oh, and announced that they aren’t anti-Semites.
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With Friday’s vote on the takeover bid fast approaching, critics of Elliott Associates have come out of the woodwork in recent weeks with anti-Semitic diatribes against the billionaire and others. After three Korean publications ran stories attacking Jews seeking to thwart Samsung—one called Jews “ruthless and merciless”—the chief executive officers of the Lees’ de facto holding company, Cheil Industries, and Samsung C&T issued statements to the Anti-Defamation League and the Simon Wiesenthal Center over the weekend…READ MORE
Bruce Einhorn
