Court Rejects Challenge To Korean Air-Asiana Merger

Asiana is the target of a state-backed takeover bid by rival Korean Air.
Credit: Joe Pries
A potential hurdle for the proposed Korean Air-Asiana Airlines merger has been removed after the dismissal of a legal challenge that was filed against the deal. A Seoul court rejected a request to halt the merger that came from Korea Corporate Governance Improvement (KCGI), an activist shareholder...

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