AcquisitionsMay 29, 2026, 06:13 AM
SK Telecom Completes Share Exchange; SK Broadband Now Wholly-Owned
AI Summary
SK Telecom Co., Ltd. announced the completion of its comprehensive share exchange with SK Broadband Co., Ltd. on May 29, 2026, making SK Broadband a wholly-owned subsidiary. SK Telecom acquired 3,039,090 common shares of SK Broadband, paying a cash consideration of Won 15,032 per share. Shareholders of SK Broadband exercised appraisal rights for 27,408 shares, which were subsequently cancelled. The share exchange resulted in minor preliminary financial adjustments, with SK Telecom's total assets remaining stable and SK Broadband's total assets decreasing slightly due to appraisal rights payments.
Key Highlights
- SK Telecom completed the share exchange with SK Broadband on May 29, 2026.
- SK Broadband is now a wholly-owned subsidiary of SK Telecom.
- SK Telecom acquired 3,039,090 common shares of SK Broadband.
- Cash consideration of Won 15,032 was paid per common share of SK Broadband.
- SK Broadband shareholders exercised appraisal rights for 27,408 shares, totaling Won 411,997,056.
- Shares acquired through appraisal rights by SK Broadband were cancelled on May 27, 2026.
- SK Telecom's total assets remain Won 24,740,400 million post-exchange.
- SK Broadband's total assets decreased by Won 412 million to Won 7,038,933 million.
Price Impact
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