By Joyce Lee and Sohee Kim SEOUL (Reuters) – Samsung Group's founding family on Friday scored a narrow win in a landmark proxy battle, fending off an activist investor opposed to an $8 billion deal that cements its grip as a new generation prepares to take the reins of South Korea's biggest conglomerate. At an often-heated shareholder meeting, investors in builder Samsung C&T Corp approved an all-share takeover offer from sister firm Cheil Industries Inc, Samsung's de facto holding company – but only just. U.S. hedge fund Elliott Associates, with a 7.1 percent Samsung C&T stake, had led the charge against the deal, saying it undervalued the target.
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Samsung scrapes to victory in proxy battle over $8 billion merger
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