Samsung shares jump on shake-up proposal

Samsung shares jump on shake-up proposal
 

Shares in Samsung Electronics have hit a record high after activist investor Elliott Management proposed a radical corporate shake-up.
The US hedge fund is urging the tech giant to streamline its business, which makes consumer electronics including smartphones and televisions.
It believes the restructure would put the world's largest smartphone maker on equal footing with its global rivals.
The news pushed up Samsung's shares by as much as 5% to a new record.
In a letter made public this week, the activist hedge fund said that the "unnecessarily complex" structure of the Samsung... read more

 
6 October 2016 in Business, Views: 44
Source: BBC
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