SEOUL (Reuters) – U.S.-based hedge fund Whitebox Advisors LLC said on Wednesday it intends to vote against LG Corp’s spin-off plan in a shareholder meeting expected on March 26.
Whitebox Advisors, a shareholder of LG Corp, had previously publicly opposed the plan, saying it “sacrifices minority shareholder return in order to resolve a family succession issue”.
A spokesman for LG Corp could not be immediately reached.
(Reporting by Joyce Lee; Editing by Leslie Adler)
