Pressure on Samsung has been mounting since the storm that surrounded its Galaxy Note 7, and the company on Tuesday finally bowed to calls from investors to consider restructuring itself.
Samsung says it will bring in “external advisors to conduct a through review of the optimal corporate structure,” adding that the review itself doesn’t reflect what the South Korean electronics giant, or its board, intend to do.
A possible outcome from the review could be that Samsung goes along with what activist shareholder Elliott Management has been demanding for some time, and split itself into a holding unit and an operating company. – READ MORE
