Tomorrow Samsung Electronics will consider the possibility of splitting into two companies
The source, referring to the publication of resource Economic Daily reports that Samsung Electronics will consider the possibility of division into two parts.
The initiator in this case, interestingly, is not the leadership of the Korean giant, and a major hedge Fund Elliott Management, which is an investor in Samsung Electronics. The division, according to experts of Fund, will allow the company to increase the efficiency of the company, as at the moment it is undervalued by 70% because of the «unnecessarily complex corporate structure».
Elliott Management offers to share with Samsung Electronics holding and management company. The proposal will be considered by the Board of Directors tomorrow.
In addition to the division, the Fund advises the Korean giant to pay a special dividend of $ 26 billion and to enter the Board number of independent Directors.