Tag: hedge fund

Samsung to ‘review’ US hedge fund plan to split firm

SEOUL, South Korea (AFP) — 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. “We will carefully review the shareholders’ proposals,” the technology conglomerate said in a terse one-line statement, with its spokesmen declining any further comment. Entities controlled by Elliott, the hedge fund run by billionaire Paul Singer, own about 0.62 percent of […]