[Featured Stock] Korea & Company Surges 20% on MBK Partners' Increased Tender Offer

The stock price of Korea & Company surged due to the upward revision of the public tender offer by MBK Partners.

On the 18th, immediately after the market opened, the Volatility Interruption (VI) was triggered for Korea & Company, and at 9:02 AM when the VI was lifted, the stock hit the upper limit price of 20,600 KRW. After the upper limit was lifted, as of 10:05 AM, the stock was trading at 19,000 KRW, up 19.87%.

On the 15th, Korea & Company's stock price plunged 25% back to the level before the tender offer execution, following speculation that the management control dispute had tilted in favor of the second son, Chairman Cho Hyun-beom, after Honorary Chairman Cho Yang-rae purchased shares. However, after MBK Partners raised the tender offer price from 20,000 KRW to 24,000 KRW after market close on the same day, the stock price surged again that day.