Samsung might split in two
Samsung is going through a lot these days, and in a few years, it might be a completely different company. They recently dropped the printers division, and now it looks like the PC business is the next in line. However, some recent rumors also claim that Samsung might soon follow an advice received two months ago and split in two.
According to Reuters, US hedge fund Elliott Management "wants Samsung Electronics to divide into a holding vehicle for ownership purposes and an operating company, pay a $26 billion special dividend, pledge to return at least 75 percent of free cash flow to investors and agree to appoint some independent directors."
For now, the company declines to comment. They only mentioned some time ago that this proposal is being carefully considered. Earlier today, HI Investment issued a report saying "Even if Samsung Electronics does not comment on specifics such as the timing of a split ... the firm will at least say it will implement ownership structure changes in a reasonable manner."
Since Samsung's board of directors is expected to meet tomorrow and offer a formal response to the proposal mentioned above, we might get back to this story in just a few days, so stay tuned.
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