Samsung considers corporate split in investor talks - report

Monday 28 November 2016 | 09:18 CET | News
Samsung Electronics is considering a possible split into two companies, in talks with its shareholder Elliott Management. The company and Elliott have been talking with investors in the US and Korea to sound out opinions on the activist investor's proposals to overhaul Samsung, people familiar with the matter told Bloomberg. Elliott has proposed that Samsung improve its corporate governance by adding three independent board members, list shares on a US exchange, pay shareholders a special dividend of KRW 30 trillion (USD 26 billion) and separate into an operating company and a holding

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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