Member access

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

News SummaryMost relevantAll newsSector news 

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

04/27/2012 | 07:13am US/Eastern
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.

distributed by
React to this article
04:46a SAMSUNG ELECTRONICS : Mobile payments 5 for 5: Dissecting recent acquisitions
03:57a SAMSUNG ELECTRONICS : The Samsung Galaxy Tab S2 could be the thinnest tablet eve..
03:57a SAMSUNG ELECTRONICS : The 64GB Samsung Galaxy S6 and S6 edge likely to come to M..
02:48a SAMSUNG ELECTRONICS : Spreadtrum Chipsets Tapped by Samsung for WCDMA Tablets an..
01:45a SAMSUNG ELECTRONICS : 7,000 people in the capital for Night Run
04/26 SAMSUNG ELECTRONICS : puts memory chip base into operation
04/26 SAMSUNG ELECTRONICS : Not stooping to snoop...
04/26 SAMSUNG ELECTRONICS : How about 128GB of DDR4 RAM clocked at 2800 MHz?
04/25 SAMSUNG ELECTRONICS : Presentation of Samsung Galaxy S6 takes place in Tashkent
04/24 Apple Watch launches quietly at handful of big-city boutiques
Income Statement Evolution
More Financials
Dynamic quotes