Samsung Electronics Agrees to Buy Grandis Inc. Stake, Spokesman Chung Says

Samsung Electronics Co. agreed to buy a stake in Grandis Inc., Samsung spokesman James Chung said by phone today, confirming an earlier Maeil Business Newspaper report. Chung declined to comment on the cost of the acquisition and the size of the stake.

To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net

To contact the editor responsible for this story: Anand Krishnamoorthy at anandk@bloomberg.net

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