Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  KOREA EXCHANGE  >  Samsung Electronics Co Ltd    005930   KR7005930003

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Samsung Electronics Co., Ltd. : Public Disclosure : BOD Approval of Merger among Samsung Display Corporation, SMD, and S-LCD Corporation

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/27/2012 | 01:13pm CEST
BOD Approval of Merger among Samsung Display Corporation, SMD, and S-LCD Corporation on

- On April 27, 2012, the BOD of Samsung Electronics approved a merger among Samsung Display Corporation (SDC), SMD, and S-LCD Corporation. Samsung Electronics is the largest shareholder of the three subsidiaries.

Details of the Merger
1. Merger date: July 1, 2012
2. Method of merger: SMD and S-LCD Corporation will be merged into SDC
3. Objective of merger: To maximize synergy effect and reinforce business competitiveness.
4. Merger Ratio: SDC: SMD: S-LCD = 1: 1.6487702: 0
- In accordance with domestic regulations on valuation of unlisted companies, the merger ratio
was calculated based on evaluation results provided by outside evaluation agencies.
5. Method of Payment
- SDC will issue new shares (111.83 million shares) to pay for the price of the merger, which
corresponds to the total evaluated value of SMD.
- As shareholders of SMD, Samsung Electronics (64.36% stake) will be receiving 71.97
million shares and Samsung SDI (a 35.64% stake) will be receiving 39.86 million shares,
in proportion to their stakes.
- After the merger, Samsung Electronics will be holding a total of 221.97 million shares
in SDC, including the 150 million outstanding shares, and Samsung SDI 39.86 million shares,
with a stake of 84.78% and 15.22%, respectively.


print this page
next SEC's acquisition of Affiliate's stake in Overseas Subsidiariesprevious Samsung Electronics' Pre-Earnings Guidance
distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on SAMSUNG ELECTRONICS CO LTD
06:42p SAMSUNG ELECTRONICS : Specs for the Samsung Galaxy S7 Active have been revealed
04:35p SAMSUNG ELECTRONICS : launches training academy for local partners
10:51a SAMSUNG ELECTRONICS : Russia has the biggest Samsung Galaxy S7 edge
10:51a SAMSUNG ELECTRONICS : 30 Kereta Honda City untuk dimenangi melalui peraduan Grea..
09:02a SAMSUNG ELECTRONICS : Music promoter appeals against sentence - NewsDay Zimbabwe
05/23DJSamsung Targets U.S. Drug Market With Remicade Knockoff
05/23 GADGET REVIEW : HTC 10 smartphone a welcome return to form
05/23 SAMSUNG ELECTRONICS : re-strategises to halt smartphone slide
05/23 RAYA BHD : Samsung Malaysia's The Great Galaxy Raya Deals Lets You Win A Honda C..
05/23 SAMSUNG ELECTRONICS : Purchase of Assets
Advertisement
Income Statement Evolution
More Financials