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SEC's acquisition of Sony's stake in SLCD

29th Dec 2011 07:00

RNS Number : 7051U
Samsung Electronics Co. Ld
29 December 2011
 



 

SEC's acquisition of Sony's stake in S-LCD

On December 26, 2011, Samsung Electronics decided to purchase Sony's entire stake (50% - 1 shares) in S-LCD Corporation. After acquisition, Samsung Electronics' stake in S-LCD will be 100%.

The strategic partnership between Samsung Electronics and Sony will continue via long-term supply agreement of LCD panels, as agreed by the two companies.

□ Details of the transaction are as follows:

- No. of shares to be acquired: 329,999,999 shares

- Total value of shares: Approx. KRW 1,082,218 million

- Contract signing date: December 26, 2011

- Expected transaction date: January 19, 2012

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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