(RTTNews.com) – Activist investor Elliott Management Corp. has urged Samsung Electronics Co., Ltd. (SMSN.L, SSNNF.OB, SSNLF.OB) to streamline and break into two, pay out a special dividend and list on the Nasdaq exchange, among other steps.
Elliott said its proposals “will deliver better capital returns, better corporate governance, and enhanced shareholder value, for all Samsung Electronics’ shareholders — whilst simplifying, and retaining the founding family’s controlling interest in, the current Samsung group corporate structure, for the benefit of all stakeholders.”
Blake Capital LLC and Potter Capital LLC, both Elliott affiliates, said they hold in aggregate roughly 0.62% of all shares outstanding.
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