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LG Selects Consulting Firms for Semicon Merger

Jan 17,1999
LG Group announced on January 17 that it has chosen its coterie of consulting firms needed for the scheduled merger of its semiconductor business with Hyundai Electronics Co..
LG said that it picked Goldmann Sachs and Lehman Brothers as advisory firms that will assist in assessing the complex financial arrangements, and Dolcey & Whitney as well as Hanmi law firms to handle the legal end of the merger.
A source at LG Group said, ' The company picked reputable, international consulting firms in order to conclude the semiconductor consultations as soon as possible.'
Kang You Sik, president for restructuring of LG Group, explained, 'The company picked a number of consulting firms so as to better evaluate asset-values of LG Semiconductor.'


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