Tuesday, November 29, 2016

Samsung to unveil shareholder return plans amid calls to split company

#SamsungElectronics said it will disclose plans to boost shareholder value on Tuesday—a move that comes amid pressure from U.S. fund #ElliottManagement 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.

http://www.cnbc.com/2016/11/28/samsung-elec-to-consider-split-seoul-economic-daily.html

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