Bloomberg News

Hynix Gains 5.1% After Shareholders Accept SK Telecom’s Bid

November 13, 2011

Nov. 14 (Bloomberg) -- Hynix Semiconductor Inc. rose as much as 5.1 percent in Seoul trading after its shareholders accepted SK Telecom Co.’s bid to buy 20 percent of the chipmaker, bringing them a step closer to unloading the stake after three failures in the past two years. The world’s second- largest computer-memory chipmaker traded 4.2 percent higher at 22,450 won as of 9:42 a.m. on the Korea Exchange. The benchmark Kospi Index added 1.9 percent. SK Telecom fell 0.7 percent to 148,500 won.

To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net

To contact the editor responsible for this story: Seyoon Kim at skim7@bloomberg.net


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus