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| | CNN.com - AIG bid wins Hanaro approval - Oct. 21, 2003 |
 | | The action brings to an end a protracted bidding war for Hanaro that involved its top shareholder, the LG Group, which held a stake of 18.03 percent, and its U.S. bid partner, the Carlyle Group. |
 | | According to Yonhap news agency, Hanaro said Tuesday its official count showed that 63.8 percent of the votes cast, representing 174.8 million Hanaro shares, were in favor of the AIG-Newbridge deal, with votes representing 56.2 million shares against it. |
 | | The AIG win is a blow to LG, which wanted to put Hanaro together with its stakes in Dacom, LG Telecom and Powercomm to create a rival to South Korea's front-running telcommunication companies, SK Telecom and KT Corp. |
| www.cnn.com /2003/BUSINESS/10/21/korea.hanaro/index.html (283 words) |
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