SA News • Nov. 26, 2014
There are no Focus articles on SMSHF.
There are no Transcripts on SMSHF.
Nov. 26, 2014, 2:37 AM
- Just a day after it was revealed that Samsung Electronics (OTC:SSNLF, OTC:SSNGY) is planning a major management shake-up next month, Samsung has announced that it will sell controlling stakes in its chemical and defense units for 1.9T won ($1.7B).
- Samsung affiliates, including Samsung Electronics, will sell a combined 57.6% stake in Samsung General Chemicals and a 32.4% stake in Samsung Techwin to Korean conglomerate Hanwha Group.
- Update: Samsung will buy back shares valued at 2.19T won ($2B) following the sale.
Nov. 19, 2014, 6:20 AM
- Samsung Heavy Industries (OTC:SMSHF) and Samsung Engineering have scrapped plans to merge after facing a large bill to buy back shares from shareholders opposed to the deal. The merger had been valued at 2.5T won ($2.3B).
- Samsung Heavy says it will now seek other ways to find synergies with Samsung Engineering in offshore plant construction and expanding its global market presence.
- Previously: Samsung continues group-wide restructuring
Sep. 1, 2014, 6:12 AM
- 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.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
SMSHF vs. ETF Alternatives
Other News & PR