MBK Partners, Young Poong launch $1.5b tender offer for Korea Zinc shares

MBK Partners, Young Poong launch $1.5b tender offer for Korea Zinc shares

FILE PHOTO: The skyline of central Seoul is seen during sunrise in Seoul September 2, 2013. REUTERS/Lee Jae-Won/File Photo

Private equity fund MBK Partners and South Korean zinc producer Young Poong launched a 2 trillion won ($1.5 billion) tender offer for shares in Korea Zinc, which the target called a “hostile” takeover attempt.