What happened with the Galaxy Note 7 has made Samsung's board of directors move their restless minds and promote new actions to encourage shareholders and thus revolutionize themselves so that they are not led to that negative criticism that has hurt their sales in these months in which that phone had to have been a great step forward as a company.
Right now we know that Samsung study dividing in two as proclaimed by a Korean newspaper. It is the American activist fund Elliott Management that has proposed this division that would allow the heirs of the founding family Lee to strengthen their control in the world leader of smartphones, one of its bastions of the empire that is the Samsung group at general levels.
The idea is to strengthen the value of the company for shareholders with a division that would divide Samsung Electronics In a holding and operating company, a special dividend of $ 26.000 billion is paid and promises to return at least 75% of the free cash flow to investors.
This movement already comes from Jay Y. Lee will take the reins of the company due to the incapacitation of his father, Lee Kun-hee, after a heart attack in 2014. Samsung already sold non-strategic assets while merging the two subsidiaries in 2015 to consolidate control of Jay Y. Lee and his two sisters.
Samsung's board of directors will respond to Elliott's proposals after meeting tomorrow Tuesday. We are left with the expectation of this movement that would mean greater value for shareholders and a way to move forward. The reason is not really known, although one is the happiness since Kun-hee's son took command of the Korean company.
