Samsung Electronics says not considering merger of a holding firm and Samsung C&T | Reuters

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.

Reuters November 29, 2016 07:00:06 IST
Samsung Electronics says not considering merger of a holding firm and Samsung C&T
| Reuters

Samsung Electronics says not considering merger of a holding firm and Samsung CT
 Reuters

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.

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