Korea's CJ withdraws from bidding for MBK-controlled Coway
South Korean conglomerate CJ Corporation decided against submitting a final bid for a controlling stake in Coway, a domestic water purifier manufacturer, controlled by MBK Partners.
CJ, which revealed in October that it was involved in preliminary bidding for the asset, gave no reason for the decision not to proceed, according to a regulatory filing. Previous reports suggested that...
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