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

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

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

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
Latest news on SAMSUNG ELECTRONICS CO LTD
03:29p SAMSUNG ELECTRONICS : to adjust the prices for the Galaxy S6 and Galaxy S6 edge
03:28p SAMSUNG ELECTRONICS : reveals the Galaxy Folder
01:29p SAMSUNG ELECTRONICS : Galaxy A8 Officially Arrives in Malaysia – RM1,888
12:38p LENOVO : gains ground in tablet market
10:52a HUAWEI TECHNOLOGY : Smartphone Shipments Reach 338 Million Globally in Q2 2015, ..
10:28a SAMSUNG ELECTRONICS : Galaxy S6 to become cheaper after disappointing sales
09:42a SAMSUNG ELECTRONICS : squeezed by iphones and cheaper Chinese handsets
09:33a SAMSUNG ELECTRONICS : profit slide continues
09:26a SAMSUNG ELECTRONICS : Interim Cash Dividend for 2015
07:35a SAMSUNG ELECTRONICS : announces mass production of first Mobile Image Sensor
Advertisement
Income Statement Evolution
More Financials