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Samsung Electronics to consider split: Seoul Economic Daily
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- The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, July 4, 2016.REUTERS/Kim Hong-Ji/File PhotoSEOUL South Korea's Samsung Electronics Co Ltd (005930.KS) will consider splitting itself into two as proposed by U.S. activist hedge fund Elliott Management, Seoul Economic Daily reported on Monday citing an unnamed source.A split would allow the heirs of the founding Lee family to strengthen their grip on the global smartphone leader, the crown jewel of the Samsung Group business empire.Elliott proposed a split in October to boost shareholder value.
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Samsung Electronics may be splitting
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- As proposed by the U.S. dissident speculative stock investments Elliot Management, Samsung Electronics Co. Ltd. is thinking about part the association into two unique associations.A split would permit the beneficiaries of the establishing Lee family to reinforce their hold on the worldwide cell phone pioneer, the crown gem of the Samsung Group business realm.Elliott proposed a split in October to support shareholder esteem.Samsung's directorate will meet on Tuesday and react to Elliott's recommendations, the daily paper said.
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Samsung Electronics is reportedly considering to split business into two entities
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- South Korean tech behemoth, Samsung is currently undergoing a restructuring to further strengthen its growing business propositions and cut loose those not working in its favor.The company has received a proposal from U.S. activist hedge fund Elliott Management to consider a split of its business into two, reports Reuters citing Seoul Economic Daily.The said proposal for the split was proposed by Elliot back in October.The hedge fund is of the opinion that a split will enable the heirs of the founding Lee family – who've joined the higher ranks just recently – to strengthen their grip on the most-valued 'smartphone' division of the company.
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