Seoul: Samsung Electronics Co Ltd said it will disclose plans to boost shareholder value on Tuesday - a move that comes amid pressure from US fund Elliott Management to split the company in two and provide more in payouts. The Seoul Economic Daily, citing an unidentified source, reported on Monday the firm will say it plans to consider a split. Samsung declined to elaborate further on Monday on its plans, although it said last month it is considering buying back more shares. “What is important is that these changes should benefit all involved, including family, group, and minority shareholders,” he said. Other measures proposed by Elliott, which unsuccessfully challenged a controversial 2015 merger of two Samsung Group affiliates, includes the return of at least 75%of free cash flow to investors and the appointment of some independent directors.

Source: Mint November 29, 2016 06:49 UTC