KTFT Slips Through LG's Fingers
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.
|Vanity thy name is...||muchdrama||
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