Samsung considers splitting in two after pressure from activist investor
Samsung will also boost shareholder returns for the year, increasing dividends for 2016 by 30% to 4 trillion won ($3.4 billion), that should boost dividends per share by 28,500 won ($24).
But it's also struggling with the issue of family succession in a very traditional family-run South Korean company. The call was made for splitting the company and transforming into a holding company, for the sake of ownership and for boosting the returns for shareholders.
An anonymous source quoted by Seoul Economic Daily had previously been cited by Reuters saying that Samsung is considering the split as proposed by the company's shareholders.
Samsung Electronics could be about to split its company in half, just as the US hedge fund management firm Elliott Management -which owns 0.6 percent of it- proposed it to the South Korean giant last month. Elliott owns a 0.6 percent stake in Samsung.
A split in two has always been a subject of market speculation with analysts noting that such a move could help the Samsung Group founding family heirs to boost their control of the world's top maker of smartphones, memory chips and televisions.
To date, Samsung has said it is considering Elliott's proposal, the report noted.
Meanwhile, Samsung discontinued its Galaxy Note 7 smartphone for overheating batteries that could cause the device to catch fire or explode.
Samsung also said work was underway with outside advisers to review optimal corporate structure.
The possible shake-up of Samsung's structure comes as the company aims to recover from the disastrous Galaxy Note7 saga, and as Jay Y. Lee, son of Samsung Chairman Kun-hee Lee, takes on additional responsibility over the company.
All this has led investors to grow a little concerned about how Samsung is managed.
So far, Bloomberg reported the scheme has garnered public support from other investors including Artisan Partners, which holds more than 1 million Samsung Electronics shares, and long-time Samsung investor Aberdeen Asset Management Asia.
Two Upstate law offices have come together to represent Kala Brown in filing civil suit against her alleged captor Todd Kohlhepp. For those interested in supporting Kala Brown's recovery efforts, please visit www.KalaBrown.com to make a donation.
That deal includes a state incentive package of about $7 million over multiple years, Bloomberg Business reported . The Milwaukee-based firm has a ball-bearing factory about one mile away from the Indianapolis Carrier plant.
Brandon Marshall's first touchdown catch since October 9 against Pittsburgh gave NY a 10-0 lead 4 seconds into the second quarter. Brady turned the fourth down into a dish off to James White, who fought for the first down. "He's been making big plays for us".
The news Halo Wars: Definitive Edition would be bundled with Halo Wars 2: Ultimate Edition was revealed at E3 2016 in June . People who pre-order the Ultimate Edition will receive early access to the Definitive Edition starting December 20.
Rain showers are likely before 4 a.m. overnight, then rain and snow showers are likely, the service says. Temperatures will peak at about 39 and southwest winds up to 15 miles per hour can be expected.
The order for a December 5 hearing came a day after the campaign of failed Green Party candidate Jill Stein filed the request. Many of Hillary Clinton's supporters have given their backing to the Green party candidate's fundraising efforts.
They were also believed to be newly displaced from the government onslaught on the northern parts of eastern Aleppo . Regime forces were fought off Sheikh Saeed district in the south of the city on Wednesday.
But he has to fight. "Bomber" was of course far from quiet, calling his former cruiserweight foe "boxing's biggest diva". The Londoner reigned as WBA world heavyweight champion from 2009 to 2011 and Bellew says his best days are behind him.
This makes it the tenth film in the Marvel Cinematic Universe to gross at least $200 million domestically. Bad Santa 2 raked in just $9 million over five days, while Rules Don't Apply earned just $2.2 million.
Born in Montclair, New Jersey on January 20, 1930, Aldrin was educated at the prestigious West Point military academy in NY state. The International Association of Antarctic Tour Operators confirmed Aldrin's evacuation saying he was in a " stable' condition ".
However, a determined Saina dished out a more dominating performance in the second game as she zoomed to a 11-3 lead at the break. Unfortunately Saina imploded against her opponent who is ranked at a lowly No. 226 in the world ranking.
He also is, in fact, Jewish himself and had said he encountered problems with his Jewish name during his childhood. Navka's participation drew extra criticism since her husband is a spokesman for Russian President Vladimir Putin .
Officer killed in Washington state is identified
A procession of law enforcement officers escorted the officer's body from the hospital to the county medical examiner's office. The suspect, who remained barricaded in the home with two children, was shot and killed early Thursday morning.
Kind refuses to say if he voted for Pelosi as leader
His staff said he spent much of the Thanksgiving break making calls to his colleagues and they believed it would be a close race. Pelosi had publicly predicted that she had support from two-thirds of the caucus, a threshold she surpassed in Wednesday's vote.
Jurors to get testimony transcripts
The defense contends that Slager only fired his gun because he feared for his life after Scott wrestled away the officer's Taser. In a news conference during deliberations, Scott family attorney Chris Stewart said: "It's up to the jury and God right now".