South Korea’s Samsung Electronics Co Ltd will consider parting itself into two as proposed by U.S. lobbyist support investments Elliott Management, Seoul Economic Daily investigated Monday refering to an anonymous source.
A split would permit the beneficiaries of the establishing Lee family to fortify their grasp on the worldwide cell phone pioneer, the crown gem of the Samsung Group business realm. Elliott proposed a split in October to help shareholder esteem.
Samsung’s top managerial staff will meet on Tuesday and react to Elliott’s recommendations, the daily paper said. The Korea Exchange independently requested that Samsung remark by 6 p.m. (0900 GMT) on whether it arranged a spinoff.