<Despite the dispute, analysts said the merger deal itself
would likely go ahead. South Korea has told its big
business conglomerates, or chaebol, to actively seek
mergers , exchanges of business lines or other ways to
ease the severe domestic oversupply in a several key
industries, resulted from years of overlapped
investment.>
I figured this story was much more likely with Samsung and Hyundai/Maxtor combining their disk drive units. I have wondered how much they used the IPO on Maxtor as a way out of a merge? Now that Maxtor is a public company, can it stil be combined, or forced to combine?
What other area will be targets? Flat Panel Displays, CRT's, ship building, etc.
In the short term, it seems to be painful to see these mergers as I still own some semi equipment stock, but in the end I believe it has made them great bargains.
Regards,
Mark
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