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KTFT Slips Through LG's Fingers

Article Comments  3  

Jun 15, 2006, 12:42 PM   by (staff)

LG's attempted buyout of KTF Technologies has failed. The two companies have been in negotiations since LG announced its intention to buy out the handset manufacturing arm of KT Freetel in March. However in filings today both said they are were not able to come to an agreement on price and other terms. LG is third largest handset manufacturer in Korea and was most likely attempting to acquire KTFT to reclaim its number two spot rather than for any specific technological or financial benefits. KTFT manufactures a number of handsets for UT Starcom.

more info at Reuters »

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wacko_javo

Jun 15, 2006, 1:15 PM

Mistake..?

"LG is third largest handset manufacturer and Korea and was most likely attempting to acquire KTFT to reclaim its number two spot rather than for any specific technological or financial benefits." Paranoid

shouldn't it say "LG is third largest handset manufacturer IN Korea..." ??????
Fixed. Thanks!

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muchdrama

Jun 15, 2006, 12:48 PM

Vanity thy name is...

What exactly is the point of this? Just to reclaim the #2 spot? No wonder companies become bloated.
 
 
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