Samsung Electronics to consider split
Tuesday, November 29, 2016 IST
South Korea’s Samsung Electronics Co Ltd will take into account splitting itself into as proposed through activist hedge fund Elliott control, Seoul monetary each day pronounced on Monday citing an unnamed source.
Samsung’s board of administrators might hold an assembly on Tuesday and formally reply to Elliott’s proposals, the paper said. The Korea exchange one after the other requested Samsung to comment by using 6 p.m. (0900 GMT) on whether it deliberate a by-product.
The arena’s pinnacle cellphone maker stated in overdue October it might reply to Elliott’s proposals and divulge plans for shareholder returns by means of the quiet of November.
Samsung did now not right now comment on the report.
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