Oct
10

Paul Singer Wants To Blow Up Samsung Like So Many Samsung Smartphones

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SingerSamsungFireAfter victoriously taking on a sovereign nation with an imploding economy, Paul Singer is reportedly looking to stay sharp by taking on a quasi-sovereign electronics corporation with exploding phones.

Samsung Electronics Co. is being urged by activist investor Elliott Management Corp. to restructure a business that spans Galaxy smartphones, televisions, semiconductors, screen displays and other consumer electronics.
In a 10-page letter and 31-slide deck released publicly and to Samsung’s board on Wednesday, affiliates of Elliott — Blake Capital LLC and Potter Capital LLC — called on the company to streamline and separate into two, conduct a tender, dual-list its resulting operating company on a U.S. exchange such as Nasdaq, pay shareholders a special dividend of 30 trillion Korean won ($27 billion) as well as ongoing regular dividends, and improve governance by adding three independent board members, among other steps….

Paul Singer Wants To Blow Up Samsung Like So Many Samsung Smartphones

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