Shareholders gave the green light Friday to a merger between two Samsung affiliates that will help ailing chairman Lee Kun-hee pass control of the conglomerate to his son.
The deal between Cheil Industries and Samsung C&T -- two of Samsung's roughly 70 businesses -- was opposed by activist hedge fund Elliot Associates, and came dangerously close to defeat.
Dynasty: The Lee family just cemented its grip on Samsung - Jul. 17, 2015
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