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To: Chas who wrote (45256)4/21/1999 8:39:00 PM
From: Bill F.  Read Replies (1) | Respond to of 53903
 
chas-it is on the tape now.



To: Chas who wrote (45256)4/21/1999 9:57:00 PM
From: DJBEINO  Respond to of 53903
 
Hyundai/LG agree on LG Semicon takeover price at 2.56 trln won: Yonhap
)

SEOUL (AFX-ASIA) - Hyundai and LG Groups have reached final agreement on
the takeover price for LG Semicon Co Ltd, with Hyundai agreeing to pay 2.56
trln won for LG Group's 59.98 pct stake, Yonhap News Agency reported.
Under the agreement, the LG Group will receive 1.56 trln won in cash and
securities held by Hyundai, with the balance of 1 trln won paid in installments
over the next two years, Yonhap reported.
The deal was struck last night, the news agency said.
It said the securities Hyundai will use to pay LG include a 5 pct stake in
Dacom Corp.