Palliser Capital Goes Activist on LG Chem
Palliser Capital started to go activist on LG Chem. According to Palliser Capital, LG Chem’s share price is trading at a 74% discount to its NAV.
Palliser Capital proposed improving the composition of the board of directors, restructuring the executive compensation system to align with shareholder interests, and higher share buybacks.
Our updated NAV analysis of LG Chem suggests implied price of 613,438 won per share, which represents a 57% higher levels than current levels.
Significant Discount to Intrinsic Value - Palliser Capital highlights that there is a 74% discount to LG Chem versus its intrinsic value. This represents nearly$48 billion in valuation gap.
Source: Palliser Capital
