seoul-economic
Samsung to unveil shareholder return plans amid calls to split company
November 28, 2016 by elegant · Leave a Comment
By Se Young Lee SEOUL (Reuters) – Samsung Electronics Co Ltd said it will disclose plans to boost shareholder value on Tuesday – a move that comes amid pressure from U.S. fund Elliott Management 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 …
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Samsung to unveil shareholder return plans amid calls to split company