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Technology Stocks : Alliance Semiconductor

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Jul 10 5:00 PM EST

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To: DJBEINO who wrote (3896)	9/2/1998 11:42:00 PM
From: DJBEINO	Read Replies (1) of 9582

Hyundai, LG agree to merge semiconductor units: Yonhap SEOUL (AFX-ASIA)- Hyundai Group and LG Group have agreed to merge Hyundai Electronics Industries Co Ltd and LG Semicon Ltd, Yonhap News Agency said quoted the Federation of Korean Industries as saying. A new company will be formed, it said. The FKI confirmed that Hyundai and LG have agreed in principle to merge their semiconductor units into a new entity, but with management control and stake holdings to be determined later. "They agreed in principle to merge and form a new company," a FKI spokesman said. "However, they have not agreed as to how to adjust management control and stakes. Such details will be determined later," he said

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