Samsung said to seriously consider investors split proposal, stock prices high 5%-Samsung-IT information
Beijing time on 6th Reuters technology giant Korea Samsung Electronics said on Thursday that would give serious consideration to United States hedge fund, proposed by the activist investor Elliott Management reorganization proposal and spray off special dividends, the announcement pushed Samsung shares rose 5% to record highs.
Activist investor Elliott Management a letter sent Samsung Electronics on Wednesday, suggested that Samsung split into a holding company and operating company, and will operate the company listed on the NASDAQ Stock Exchange.
Samsung said in a statement, will give serious consideration to the proposals and said the company "agree with the constructive and open dialogue with investors, achieve maximum shareholder value. "Samsung shares jumped in early trading hit a record high of 5%, Korea stock market rose 0.6%.
Samsung is currently under leadership, and last month's unprecedented recall of at least 2.5 million gaileshi Note7 Smartphone, allows the company to work under pressure.
Samsung is willing to consider Elliott's proposal, which helped its stock out of renewed product recall fears. United States family, said Samsung Note7 phones has been replaced in the United States smoke on the flight.
Samsung 0.62% owned by Elliott. This $ 27 billion hedge fund also questioned Samsung's corporate governance, and said the family business should be added three new independent directors.
Elliott said the holding company of the new split should be considered full-stock merger with Samsung products. Samsung properties is a subsidiary of the Samsung Group, Elliott in a shareholder dispute last year human rights goals. Elliott ultimately failed to prevent three-star property with sister companies: the first hair weave merger. Samsung properties declined to comment on Elliott's merger proposal.
Given so few stakes only, but relations have thawed, Elliott to convince other shareholders and Samsung's leadership will face difficulties implementing his proposed changes.
A factor that could be good for Elliott is that the shareholder composition of the internationalization of Samsung Electronics. According to Thomson Reuters data, with Samsung's majority shareholder is domestic investors property is different, Samsung Electronics, 11 of the top 20 shareholders are international investors.
According to a person familiar with the matter said, Elliott was seeking to communicate with Samsung executives and Board of Directors, while also seeking to cooperate with the company in order to implement its proposed adjustments. Samsung did not immediately to comment on whether communicating with Elliott.
One Executive said on Thursday, Samsung Electronics, another investor: Netherlands pension fund huiying on Elliott's proposal took a positive view of asset management companies.
"They (Elliott) proposal would help enhance the value of Samsung Electronics Company," Netherlands huiying in Hong Kong, responsible corporate governance Director Park said Yoo-kyung told Reuters. "Elliott did not put forward excessive demands, their requirements are consistent with common sense," Park said.
Speculation on Samsung how to restructure business continued for at least a year. Analysts are given different options.
Elliott agreed that Samsung's recent share buyback programme, but says "a large amount of surplus and net cash position was at the expense of real and cost shareholders." Elliott said the hope that Samsung distributed 30 trillion in cash from its $ 70 billion won (US $ 27 billion) special dividend.
三星称认真考虑投资者分拆提议，股价涨5%创新高 -
三星 - IT资讯
北京时间6日下午路透讯 科技业巨擘韩国三星电子周四表示，将认真考虑美国对冲基金、激进投资方Elliott Management提出的重组和派发特别股息的提议，这一表态推动三星股价大涨5%至纪录高位。
维权投资者Elliott Management周三发给三星电子一封信，建议将三星分拆为一家控股公司和运营公司，并将运营公司在纳斯达克证券交易所上市。
三星发表声明称，将认真考虑这些提议，并称公司“同意与投资人进行建设性的和公开的对话，实现股东价值最大化。”三星股价早盘一度跳涨5%触及纪录新高，韩国股市整体上涨0.6%。
目前三星正进行领导层更替，而且上月史无前例地召回了至少250万部盖乐世Note7智能手机，使该公司承受压力。
三星愿意考虑Elliott的建议，这帮助其股票摆脱了重新燃起的产品召回担忧。此前美国一个家庭表示，已更换过的三星Note7手机在美国航班上冒烟。
Elliott持有三星0.62%股权。这家270亿美元的对冲基金亦质疑三星的企业治理情况，并称这个家族企业应增加三名新的独立董事。
Elliott表示，新拆分出来的控股公司应考虑与三星物产 进行全股票式合并。三星物产是三星集团旗下的子公司，在去年的一场股东纷争中成为Elliott的维权目标。Elliott最终未能阻止三星物产与姊妹企业：第一毛织的合并计划。三星物产拒绝对Elliott的合并建议发表评论。
鉴于只持有那么少的股权，而且关系已经闹僵，Elliott在说服其他股东和三星领导层实施其提出的变革方面将面临困难。
可能对Elliott有利的一个因素是，三星电子的股东构成情况比较国际化。汤森路透数据显示，与多数股东是国内投资者的三星物产不同的是，三星电子前20大股东中有11位是国际投资者。
据一位知情人士称，Elliott正寻求与三星高层及董事会沟通，同时也在寻求与该公司合作，以实施其提议的调整。三星未立即就其是否已在与Elliott进行沟通置评。
一位主管周四称，三星电子另一投资方：荷兰退休基金汇盈资产管理公司对Elliott的提议持正面看法。
“他们(Elliott)的提议有助于提高三星电子的公司价值，”荷兰汇盈驻香港、负责企业治理的主管Park Yoo-kyung对路透称。“Elliott没有提出过分的要求，他们的要求符合常理，”Park称。
关于三星将如何重组业务的揣测持续至少已有一年。分析师给出了不尽相同的选项。
Elliott同意三星近期的股票回购方案，但称三星“大量的和过剩的净现金头寸，是以股东的真正和有型成本为代价”。Elliott表示，希望三星从其700亿美元的现金中派发30万亿韩元(270亿美元)的特别股息。