U.S. hedge fund Elliot Management recently proposed that Samsung Electronics should be split into two. The first would be a holding company for ownership purposes, and the second would be an operating company.
The fund, which currently owns 0.6 percent of Samsung, also wants the company to pay out $26 billion USD in a special dividend.
According to an anonymous source cited by Seoul Economic Daily, the firm will state it plans to consider a split during a shareholder announcement on Tuesday, November 28th.
According to the Next Web, Samsung Electronics has lost over $6.1 trillion won as a result of the Galaxy Note 7 debacle, which may have shareholders questioning the company’s leadership.
Related: Samsung Note 7 issues caused by rush to compete with ‘dull iPhone,’ says report
[source]Reuters[/source]
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