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@ 2016/11/29South Korea’s Samsung Electronics is considering doing an HP and splitting itself into two.
The plan was originally mooted by US activist hedge fund Elliott Management.
According to the Seoul Economic Daily the split give the heirs of the founding Lee family a much stronger hold on the global smartphone outfit. Elliott suggested the split in October to boost shareholder value.
Samsung’s board of directors will meet on Tuesday and respond to Elliott’s proposals. Samsung Electronics is not saying anything.
The plan was originally mooted by US activist hedge fund Elliott Management.
According to the Seoul Economic Daily the split give the heirs of the founding Lee family a much stronger hold on the global smartphone outfit. Elliott suggested the split in October to boost shareholder value.
Samsung’s board of directors will meet on Tuesday and respond to Elliott’s proposals. Samsung Electronics is not saying anything.
