Units of CJ Corp. (001040) sold about $298 million worth of Samsung Life Insurance Co. shares, according to a term sheet obtained by Bloomberg News.
The 4 million shares were sold at 85,500 won each, the terms show. The stock had been offered at 85,500 won to 87,300 won apiece. The shares ended trading at 90,000 won yesterday.
Nomura Holdings Inc. arranged the sale according to the document.
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