[Special Stock] SK Chemicals, SK Discovery Shares Rise Over 8% on Tender Offer Announcement
![[Special Stock] SK Chemicals, SK Discovery Shares Rise Over 8% on Tender Offer Announcement](http://www.asiae.co.kr/news/img_view.htm?img=2022090209251919081_1662078318.jpg)
[Asia Economy Reporter Myung-hwan Lee] SK Chemicals is rising more than 8% in early trading on the 2nd. This appears to be due to SK Discovery's announcement of a tender offer for the company's shares and plans to incorporate it as a subsidiary.
As of 9:27 a.m. on the day, SK Chemicals is trading at 102,500 won, up 8.35% (7,900 won) from the previous trading day.
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On the previous day, SK Discovery announced that it would pursue a tender offer of common shares worth about 100 billion won to acquire additional shares of SK Chemicals in order to improve management performance and enhance shareholder value through its subsidiary. The acquisition scale corresponds to 5.22% of the total common shares of SK Chemicals, amounting to 919,118 shares. The acquisition period is from the 2nd to the 21st of this month.
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