Reasons for the Stock Price Plunge Following SK Innovation’s Absorption Merger with SKIET and Shareholder Backlash
Why did SK Innovation's stock price plummet by more than 111 TP3 T in a single day following the news of its merger with SK IE Technology (SKIET)? It is because the financial burden that could arise from acquiring a loss-making subsidiary and concerns about the dilution of existing shareholders' stakes were reflected all at once. Conversely, SK IET's stock price surged to the daily limit due to expectations of the merger, causing the two companies' stock prices to move in opposite directions. In this article, based on trading results from August 26, 2026, we will examine the background of the sharp decline, the backlash from minority shareholders, and shareholder value after the merger… Read more