Elliott Commences Legal Proceedings for an Injunction Against Samsung C&T and its Directors

Elliott, the hedge fund with $26 billion under management, today made the following statement: "Elliott continues to believe that the proposed takeover is clearly neither fair to nor in the best interests of Samsung C&T's shareholders, and that it is unlawful. Elliott has therefore taken the step today of commencing legal proceedings for an injunction against Samsung C&T and its directors in order to seek to prevent the proposed takeover from going ahead and thereby protect the interests of Samsung C&T's shareholders."