UPDATE 2-Korea Beral shares rally on Icahn M&A hopes

Newswire

* Korea Beral shares up more than 11 pct * Subsidiary of Icahn-controlled U.S. firm ups stake * Korea Beral official says watching situation * Analysts play down hostile takeover attempt By Kim Yeon-hee and Jungyoun Park SEOUL, Sept 1 (Reuters) - Shares in Korea Beral soared more than 11 percent after a unit controlled by activist investor Carl Icahn raised its stake in the car parts maker, fanning speculation about a possible unsolicited takeover bid. F-M International Ltd, ...

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