US hedge fund Elliott said on Friday it had filed an appeal against a court ruling in favour of the proposed merger of two Samsung Group subsidiaries. The Seoul Central District Court on Wednesday rejected a request from Elliott to stop Cheil Industries buying Samsung C&T Corp through an all-stock deal worth $8 billion, a move designed to facilitate Samsung's founding Lee family's father-to-son succession. "Elliott was disappointed with the recent first instance Court decision not to grant a preliminary injunction to prohibit Samsung C&T from seeking shareholder approval for the Proposed Takeover" at a shareholder's meeting on July 17, the firm said in a statement.
CHICAGO (AP) — The Grateful Dead is closing the lid on its storied half-century of concerts this weekend in Chicago, where a museum has captured the band's prankster heart by displaying its artifacts, skeletons-and-roses iconography included, in the shadow of a world-famous dinosaur.
HOT SPRINGS, S.D. (AP) — Perched atop a bluff in the remote Black Hills, a veterans hospital built of thick blocks of pink sandstone and topped with red-tiled roofs in a Spanish mission style overlooks the tiny town of Hot Springs, South Dakota, and has provided recovering soldiers a bucolic haven for more than a century.