MBK, Young Poong raise tender offer to $1.7b for Korea Zinc shares

MBK, Young Poong raise tender offer to $1.7b for Korea Zinc shares

South Korean 10,000 won note is seen on U.S. 100 dollar notes in this picture illustration taken in Seoul, South Korea, December 15, 2015. REUTERS/Kim Hong-Ji

Private equity firm MBK Partners and Young Poong raised their tender offer price for shares in top non-ferrous metal smelter Korea Zinc to 750,000 won per share, up from 660,000 won initially, they said in a regulatory filing.