'Samsung Electronics is thinking of splitting '

'Samsung Electronics is thinking of splitting '

Tech November 28, 2016 09:06

seoul - Samsung Electronics is considering to split. That proposal was made by the US activist investor Elliott Management and the South Korean technology group is looking seriously at the possibility. That message Reuters on the basis of the Seoul Economic Daily.

Elliott Management wants that Samsung Electronics is split into a holding-company and an operating company. There should also be paid a special dividend and a large part of the free cash flow to investors. The Lee family, which Samsung founded and still heads the company, which would by construction can gain more control over the company and are therefore inclined to go along with the plan.

Samsung's management will meet Tuesday and then comes up with a response to the plans of Elliott. The Korean stock market Samsung has also asked whether it has plans for a split.

Leave a comment

The HOTRECENTNEWS.com is not responsible for the content of external sites.


Back to Top