A minority investor in Samsung Electronics Co Ltd said on Thursday it supports proposals submitted by U.S. hedge fund Elliott Management for restructuring the South Korean technology giant to improve shareholder value. “We are supportive of restructuring and a higher dividend payout to unlock the value in the business (of Samsung) as long-term shareholders,” Andrew Gillan, head of Asia ex-Japan at Henderson Global Investors, told Reuters in an email.
Watch What Else Is Making News
- J&K: Students Suffer As Schools Along LOC Forced To Shut Amid Firing
- Jayalalithaa’s Health: AIADMK Women Supporters Continue Special Prayers For CM
- HTC Desire 10 Lifestyle First Look Video
- Fissures Remain Within Samajwadi Party: All You Need To Know
- Big Cheer For Delhi-Noida Commuters, DND Flyway Becomes Toll Free
- PM Modi Meets New Zealand Prime Minister John Key
- Ex-Arunachal CM Kalikho Pul Left Behind “Secret Notes” Before He Was Found Hanging: Rajkhowa
- Big Relief For Former Karnataka CM BS Yeddyurappa: Here’s Why
- Missing For Three Days, JNU Student Found Dead In Hostel Room
- Bigg Boss 10: Review Of October 25 Episode
- Delhi Government’s Rs 200 Crore Riverfront Plan: Find Out More
- School in Jammu & Kashmir’s Bandipore District Set on Fire
- Ajay Devgn On The Making Of Shivaay: Exclusive Interview
- Bodies Of Maoists Killed In Malkangiri Encounter, One Of The Biggest Such Operations
Elliott sent a letter to the world’s No. 1 smartphone maker on Wednesday, spelling out changes that include setting up a holding vehicle for Samsung Electronics and listing its operating company on the Nasdaq stock exchange.
“We are aligned with Elliott and all other minority shareholders in wishing to unlock the value in the company but have not had any specific contact with Elliott,” Gillan said in the email.
Henderson owns 0.12 percent of Samsung Electronics, according to Thomson Reuters data.