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Last updated: November 28th, 2016 at 07:02 UTC+01:00
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Samsung's board of directors will meet tomorrow and offer a formal response to Elliott's proposal, according to a report published today by the Seoul Economic Daily. The company appears to be thinking about splitting itself into two according to an unnamed source mentioned in the report.
Elliott Associates and Samsung have a tricky relationship which I have explained in quite a bit of detail in my opinion piece about why Samsung is likely to work with the hedge fund this time around. Samsung obviously won't do everything that the hedge fund is proposing and it's also going to engage with it on its own terms but analysts are of the view that this is something that the heir apparent Jay Y. Lee is interested in as well since it would further cement the founding Lee family's control over the Samsung empire.
Samsung's reorganization efforts have intensified under Lee's watch as we've seen the company sell non-core assets and invest in areas where it believes growth lies in the future.
Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.
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