LG Semiconductor"s Stock Price Soars

The share price of LG Semiconductor has been soaring since its merger with Hyundai was solidified. While LG gains its soon to be new owner, Hyundai, loses. The more expensive the shares are, the better for LG and the more Hyundai will have to pay when it acquires LG Semiconductor.
This will certainly affect negotiations between the two.
LG Electronics holds 41.2 percent of LG Semiconductor's shares and LG Information & Communications owns a 13.9 percent stake. Additionally, LG Corporation has a 4.9 percent stake in the company.
LG has been making 130 billion won a day from its semiconductor shares after it decided to hand over its semiconductor business to Hyundai.
A definite gap exists between the two sides on the value of the business.
A source at Hyundai said, 'The current stock price should be part of the evaluation criteria but, the method to evaluate the internal value of the company is far more important.'