U.S. activist Elliott urges overhaul at Samsung Electronics

U.S. activist Elliott urges overhaul at Samsung Electronics
 

U.S. hedge fund Elliott Management is urging changes at Samsung Electronics Co Ltd (005930.KS), calling on the South Korean tech giant to streamline its structure and to pay out a special dividend.
The activist investor sent a letter to the world's No. 1 smartphone maker on Wednesday, spelling out changes that include splitting into a holding company and listing its operating company on the Nasdaq stock exchange.
Elliott's latest activist target is in the middle of a leadership succession and is under pressure after issuing a huge recall of all of its Galaxy Note 7 smartphones last month.... read more

 
6 October 2016 in Business, Views: 54
Source: Reuters
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