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Oct

05

Samsung in Cross Hairs of American Hedge Fund

By Tony Seruga

A Samsung ad for the Galaxy Note 7 in Singapore. CreditEdgar Su/Reuters

Last year, a big American hedge fund took aim at plans to revamp a part of Samsung, the South Korean giant that dominates many of its home country’s industries.

Though it lost that battle, the hedge fund now has its sights on the crown jewel of the Samsung empire.

Elliott Management proposed in a letter on Wednesday that Samsung essentially split its electronics business into two separate companies as part of a broader reshaping of the business…

Samsung in Cross Hairs of American Hedge Fund

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