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Samsung Electronics considers splitting firm in two
this image is quoting of "bbc" site
- Image copyright AFPSamsung Electronics has confirmed it is considering dividing the company into two separate firms.The company has been under pressure from some investors to break itself into a holding unit and an operating company to boost shareholder value.The South Korean technology giant also announced plans to increase dividends and said it would continue to buy back more shares.Restructuring pressure had been mounting after the Note 7 fiasco.
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Samsung Electronics considers structural split as investor pressure builds
this image is quoting of "cnbc" site
- South Korea's Samsung Electronics said on Tuesday it will increase dividends and consider splitting itself, as the tech giant faces possibly the biggest structural change in its 47-year history.The world's top maker of smartphones, memory chips and televisions, however, said it was "absolutely neutral" about whether to proceed, and provided little detail on the potential restructuring, underwhelming investors and keeping shares flat."The review does not indicate the management or the board's intention one way or another," the company said in a statement, adding it hired external advisers for a review that is expected to take at least six months.The move comes after U.S. activist hedge fund Elliott Management in October called for the firm to split itself into a holding vehicle for ownership purposes and an operating company, and boost shareholder returns.
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Samsung Electronics considers split as investor pressure builds
this image is quoting of "reuters" site
- SEOUL Tech giant Samsung Electronics Co Ltd (005930.KS), under pressure from shareholders to improve investor returns, said on Tuesday it will consider creating a holding company in what would be the biggest shake-up in its 47-year history.The move and a plan to raise dividends come after U.S. hedge fund Elliott Management in October called for the South Korean firm to split itself into a holding vehicle and an operating company.However, the world's top maker of smartphones, memory chips and televisions, said it was "absolutely neutral" about whether to proceed and provided little detail on the potential restructuring, underwhelming investors."The review does not indicate the management or the board's intention one way or another," the company said in a statement, adding it had hired external advisers for a review expected to take at least six months.
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