26th Nov 2007 08:31
Samsung Electronics Co. Ld26 November 2007 November 26, 2007 Merger between the Affiliates On November 26, 2007, the BOD of Samsung Electronics authorized Samsung CorningCompany, Ltd. to be merged into Samsung Corning Precision Glass Co., Ltd. • Details - The merger between two companies aims to secure long-term competitiveness in core display materials. - The merger of the two companies is an all-stock, non-cash transaction. (One share of Samsung Corning Company, Ltd. will be converted to 0.0286915 share of Samsung Corning Precision Glass Co., Ltd) - The merger is expected to be completed by the end of 2007. * There will be no major changes in the shareholding structure after the merger. Previously, Samsung Electronics Co., Ltd. owned 48.36% of shares in SamsungCorning Company, Ltd. and 42.57% of shares in Samsung Corning Precision GlassCo., Ltd. After the merger, Samsung Electronics Co., Ltd. will own 42.64% ofshares in Samsung Corning Precision Glass Co., Ltd. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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