Ssangyong Motors Co. Ltd.’s merger-and-acquisitions advisors have begun accepting formal submissions from interested buyers and will close the process May 28, Ward’s learns. According to the schedule prepared by Samjong KPMG Advisory Inc. and Macquarie Securities Korea Ltd., qualified bidders will be selected and notified by June 7. No bidder may contact Ssangyong directly, and doing so can eliminate them from the process. Binding bids must be submitted by July 20. News reports in Korea ...

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