# SNT Holdings launches hostile takeover bid for Smack

SNT Holdings has increased its stake in Smack, South Korea's second-largest machine tool company, to 13.65% and changed its shareholding purpose to 'impact of management rights', signaling a hostile merger and acquisition attempt. Including Chairman Choi Pyong-kyu's personal stake, SNT Group holds 20.20%.

- Type: Acquisition
- Announced: 2025-11-24
- Where: South Korea
- Status: announced
- Products: machine tools, industrial robots
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [SNT](https://endata.com/companies/33420.md) (acquirer)
- [Smack](https://endata.com/companies/88653.md) (target)

## Sources

- [mk.co.kr](https://www.mk.co.kr/en/stock/11476001), 2025-11-24: "SNT Holdings changed its purpose of holding a stake in Smack from 'simple investment' to 'impact of management rights.'"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.