SINGAPORE (Reuters) – A minority investor in Samsung Electronics
Co Ltd said on Thursday it supports proposals submitted by U.S.
hedge fund Elliott Management for restructuring the South Korean
technology giant to improve shareholder value.
“We are supportive of restructuring and a higher dividend payout
to unlock the value in the business (of Samsung) as long-term
shareholders,” Andrew Gillan, head of Asia ex-Japan at Henderson
Global Investors, told Reuters in an email.
Elliott sent a letter to the world’s No. 1 smartphone maker on
Wednesday, spelling out changes that include setting up a holding
vehicle for Samsung Electronics and listing its operating company
…
Read the full article at: http://www.businessinsider.com/r-samsung-electronics-investor-henderson-says-it-backs-elliott-restructuring-proposals-2016-10