Samsung Said to Tap Goldman, Credit Suisse in Activist Fight

Billionaire investor Singer’s hedge fund revealed a 7.1 percent stake in Samsung C&T this month and said the bid from Cheil, the conglomerate’s de-facto holding company, is too low.

Photographer: Jacob Kepler/Bloomberg

Samsung C&T Corp., the construction arm of South Korea’s largest conglomerate, is working with Goldman Sachs Group Inc. and Credit Suisse Group AG as it fends off a rare challenge from billionaire activist Paul Elliott Singer, people familiar with the matter said.

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