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Samsung merger hits snag
A merger between two Samsung affiliates, Cheil Industries and Samsung C&T, has sparked up controversy, as shortly after the deal was announced, U.S. activist hedge fund Elliott Management has thrown up roadblocks calling it "unfair and unlawful." With two injunctions filed against the Cheil takeover, will the company manage to secure a deal that is widely seen as a move to pave way for new leadership?