Tech giant Samsung Electronics gave what seems to be a positive response to hedge fund Elliott Management’s latest request to separate itself into two units.
“Elliott is one of Samsung Electronics’ shareholders, and we will carefully consider a shareholder’s request,” a company official said.
Although Samsung did not clarify whether it would accept the demand and proceed with the split-off.
The Samsung conglomerate’s controlling Lee family scored a victory in its battle against U.S. hedge fund Elliott Associates, as shareholders approved an $8 billion merger of two Samsung affiliates.
A couple of days ago New York-based hedge fund Elliott Associates publicly proposed that Samsung Electronics be split up into a holding and operating company as well as give shareholders a one-time dividend amounting to $27 billion ...
Hedge fund Elliott Management is pushing for structure and governance changes at Samsung Electronics, sending a letter to the company on Wednesday. In many ways, Samsung is an ideal target for activist investors, given its complex h...
Hedge fund Elliott Management is pressing for Samsung Electronics, the maker of the Galaxy Note smartphone, to list its shares on the Nasdaq.