Hankook Tire & Technology: M&A of Hanon System Falling Apart?

• There are increasing signs that Hankook Tire & Technology's M&A of Hanon Systems could be falling apart.

• The deadline for signing the main M&A contract to purchase a 25% stake in Hanon Systems has been postponed indefinitely.

• New contingent liabilities at Hanon Systems have been uncovered during the 10 week due diligence process of Hanon Systems by Hankook T&T.