Samsung to 'review' US hedge fund plan to split firm

[WorldNews]

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Samsung Electronics responded warily Thursday to a plan submitted by the US activist hedge fund Elliott Management for splitting the South Korean electronics giant into a separate holding and operating company. In a detailed proposal unveiled on Wednesday, Elliott laid out a strategy for streamlining Samsung, splitting the company in two, dual-listing the resulting operating company on a US exchange and paying shareholders a special dividend of 30 trillion won ($27 billion).

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