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A report in London’s Financial Times says that the ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Group of investors and the management of Hyundai Securities are near to a compromise aimed at breaking the impasse which has held up ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s acquisition of three Hyundai financial units in Korea for over two weeks.(See IJ Website August 24 and 30)

According to the FT, ÌìÃÀÍøÕ¾´«Ã½´«Ã½ would accept a smaller stake than the original 35 percent it sought to acquire by allowing Hyundai’s existing shareholders to buy into the deal at the same price, 7000 won (around $5.49) per share as it has..

The decision is a climb down by Hyundai from its position that the price had been established at 8940 won ($7.00), but it must still be approved by the board of directors, and the FT indicated that if there’s any further delay, ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s patience may finally be exhausted.

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