SEOUL Samsung Electronics Co Ltd (005930.KS) said on Tuesday it has no plans at present to consider a merger between a holding company and Samsung C&T Corp (028260.KS) in its ongoing structural review. U.S. activist hedge fund Elliott Management in October called for the world's top smartphone maker to split itself into a vehicle for ownership and an operating company, then merge the ownership company with Samsung C&T.
Samsung Electronics said it will only consider at present whether it should move to a holding company structure.
(Reporting by Se Young Lee; Editing by Stephen Coates)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.
Updated Date: Nov 29, 2016 07:00:06 IST