"cnet" site state : Samsung under pressure to split company in two

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Samsung under pressure to split company in two


Samsung under pressure to split company in two
this image is quoting of "cnet" site

- Photo by Jung Yeon-je/AFP/Getty ImagesSamsung customers who have had products recalled are not the only ones feeling cheesed off at the company as 2016 draws to a close.Feeling pressure from disgruntled shareholders, Samsung is set to announce changes on Tuesday that could boost the amount of profit returned to investors.Some shareholders are even encouraging the company to consider splitting in two, leaving a holding company and an operating company, according to Reuters.Samsung has been beset with problems, not least of them the recalls this year of the Samsung Galaxy Note 7 and of 2.8 million washing machines.
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Samsung shareholders look to split up the company after disastrous 2016


Samsung shareholders look to split up the company after disastrous 2016
this image is quoting of "thenextweb" site

- It's been a rough year for Samsung.The fallout from the disastrous (and combustable) Samsung Galaxy Note 7 launch has burned a 6.1 trillion won hole in the company's finances.This has lead some shareholders to question its leadership, with the aim of potentially splitting the company into two halves, Reuters reports.New York-based hedge fund Elliot Management, which owns 0.6 percent of Samsung, wants the company to divide into two companies.
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Samsung to unveil shareholder return plans amid calls to split company


Samsung to unveil shareholder return plans amid calls to split company
this image is quoting of "reuters" site

- SEOUL Samsung Electronics Co Ltd (005930.KS) said it will disclose plans to boost shareholder value on Tuesday - a move that comes amid pressure from U.S. fund Elliott Management to split the company in two and provide more in payouts.The U.S. activist hedge fund, which owns 0.6 percent of Samsung, called on the South Korean tech giant in October to divide itself into a holding vehicle for ownership purposes and an operating company, as well as pay out 30 trillion won ($26 billion) in a special dividend.The Seoul Economic Daily, citing an unidentified source, reported on Monday the firm will say it plans to consider a split.Samsung declined to elaborate further on Monday on its plans, although it said last month it is considering buying back more shares.
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