Business · Companies · 3 hrs ago
Korea Steel shares jump as KISCO Holdings plans tender offer
KISCO Holdings plans to make Korea Steel a private subsidiary through a tender offer for its shares.
KISCO Holdings is listed on South Korea’s KOSPI market, while Korea Steel is its subsidiary.
Korea Steel shares rose 23.68% to 12,900 won in morning trading on Nov.
2, compared with the previous close.
The price increase followed news of the planned offer.
The tender offer is scheduled to run from Nov.
2 to Nov.
23, a period of 22 days.
The available information does not state the offer price or how many shares KISCO Holdings seeks to buy.
The offer period ends on Nov.
23, and the plan is to take Korea Steel off the public market.
KISCO Holdings plans to make its subsidiary Korea Steel a privately held subsidiary through a tender offer.
Korea Steel shares rose 23.68% to 12,900 won at 9:17 a.m. on November 2.
The shares were up 2,470 won from the previous trading day.
The tender offer is scheduled to run from November 2 through November 23.
- Who
- KISCO Holdings plans the offer for shares in its subsidiary, Korea Steel.
- What
- KISCO Holdings plans a tender offer to make Korea Steel a privately held subsidiary.
- When
- The offer is scheduled to run from November 2 to November 23, 2026.
- Where
- Korea Steel shares traded on South Korea’s securities market.
- Why
- KISCO Holdings plans to convert Korea Steel into a privately held subsidiary.
This story does not have two clearly opposing sides.
KISCO Holdings’ tender offer for Korea Steel shares was reported, and the offer period began.
Korea Steel shares were trading at 12,900 won, up 23.68% from the previous trading day.
The scheduled tender offer period is due to end.
- Share gain
- 23.68%
- Share price
- 12,900 won at 9:17 a.m. on November 2
- Change from previous trading day
- Up 2,470 won
- Tender offer period
- November 2–23, 2026
- Purpose
- Convert Korea Steel into a privately held subsidiary