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S. Korean co LG Household shares up on TheFaceshop acquisition

Posted on: Wed, 25 Nov 2009 00:38:00 EST

Symbols: LGHHF

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SEOUL, Nov 25, 2009 (Asia In Focus via COMTEX) --
LGHHF | Quote | Chart | News | PowerRating -- Shares of LG HOUSEHOLD &
HEALTH CARE LTD. (KSE:051900) shot up to the highest level on
record on the Seoul bourse Wednesday following the company's
acquisition the previous day of a smaller cosmetic rival.
Cosmetic and detergent maker LG Household traded 283,000 won
(US$244.90) on the Seoul main bourse as of 11:36 a.m., up 5.2
per cent from Tuesday's close.

* The nation's second largest cosmetic company said on
Tuesday it sealed a deal to purchase a 90 per cent stake in
THEFACESHOP KOREA CO., No. 3 market player specialized in
low-priced cosmetics for 420 billion won.

* LG Household said the acquisition is designed to boost its
market competitiveness.

For full details on (LGHHF) LGHHF. (LGHHF) has Short Term PowerRatings at TradingMarkets. Details on (LGHHF) Short Term PowerRatings is available at This Link.

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LG Household shares hit record on rival takeover - 11/26/09
TheFaceShop deal won't give LG Houshold leg-up over rival: experts - 11/26/09
S. Korean LG Household's Faceshop deal won't outdo rival: experts - 11/25/09
FACESHOP DEAL WON'T GIVE LG HOUSHOLD LEG-UP OVER RIVAL: EXPERTS - 11/24/09
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