Member access

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

SummaryNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

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

04/27/2012 | 08:13am 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
Latest news on SAMSUNG ELECTRONICS CO LTD
1d ago SAMSUNG SAYS MICROSOFT DEAL INVITES : filing
1d ago Leaner Sony gains smartphone lift despite its own mobile malaise
1d ago Leaner Sony gains smartphone lift despite its own mobile malaise
1d ago Samsung Elec seeks China comeback with first metallic smartphones
1d ago SAMSUNG ELECTRONICS : seeks change in tactics as profits drop
1d ago SAMSUNG ELECTRONICS : Launches Small Form-Factor Solutions
1d ago SAMSUNG ELECTRONICS : Joins Forces with Earth Networks
1d ago SAMSUNG ELECTRONICS : and Earth Networks Launching Energy Saving Program
2d ago SAMSUNG ELECTRONICS : shares rally on earnings, shareholder returns hopes
2d ago SAMSUNG ELECTRONICS : Peel Smart Remote app hits first 100 million users in just..
Advertisement
Dynamic quotes  
ON
| OFF