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Samsung Elec says not considering merger of a holding firm and Samsung C&T
November 29, 2016 / 1:15 AM / 10 months ago

Samsung Elec says not considering merger of a holding firm and Samsung C&T

SEOUL, Nov 29 (Reuters) - Samsung Electronics Co Ltd said on Tuesday it has no plans at present to consider a merger between a holding company and Samsung C&T Corp 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

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