Vote

: NPS holds an 11.2 voting stake in Samsung C&T, a construction firm, and its vote could be decisive in what is expected to be a close vote at a July 17 shareholder meeting, according to Euro News. The merger, seen as key to a generational leadership transfer at Samsung Group, has drawn opposition from activist U.S. hedge fund Elliott Associates. A spokesman for the NPS declined to comment to Reuters. NPS decided in an internal meeting on Friday it had decided to support the merger, based on the positive outlook for the combined firm share price and the group plans to bolster shareholder rights, such as setting up a governance panel and expanding dividends, the newspaper reported late on Friday. Copyright 2015 Reuters. On Friday, Yonhap news agency reported the NPS had reached a decision, but would not announce its vote until after the July 17 meeting. euronews provides breaking news articles from Reuters as a service to its readers, but does not edit the articles it publishes. (news.financializer.com). As reported in the news.