Seeking Alpha

Samsung continues group-wide restructuring

  • In another round of Samsung restructuring, Samsung Heavy Industries (OTC:SMSHF) will absorb Samsung Engineering in a 2.5T won ($2.5B) deal.
  • Under the terms of the transaction, Samsung Heavy will issue around 94M new shares to Samsung Engineering shareholders at 26,972 won per share.
  • Samsung's restructuring has accelerated since the May hospitalization of the group's chairman Lee Kun-hee, and has sparked investor speculation to the group's succession.
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