Years after Paul Singer¡¯s Elliott Management launched bitter battles against Samsung and Hyundai Motor, South Korea is warming to a new face of shareholder activism ¡ª one that¡¯s local, vocal and young.
Hybe, the label behind boyband sensation BTS, has made a partial tender offer for SM Entertainment, another big K-pop agency.
A homegrown investor activist, Align Partners Capital Management, says Hybe should pay more and buy the entire company. SM¡¯s shares have climbed above the offer price, showing that investors are listening ¡ª and expect a better bid.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.