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Samsung SDI completes deal to acquire 57.98% of STM

Samsung SDI Co. Ltd. on Sept. 16 closed its deal to acquire 57.98% of STM Co. Ltd. for a transaction value of 8.92 billion South Korean won (US$7.6 million).

The company offered 21,687.00 won per share for the stake.

Ernst & Young Korea financial advisory arm was the financial adviser for Samsung SDI.