Right on schedule, Samsung Electronics has today completed its merger with Samsung Digital Imaging -- making good on a plan the company announced late last year. The merger was approved by Samsung Digital Imaging shareholders on February 23rd, and the European Commission cleared the plan a couple of days ago. As expected, Samsung Digital Imaging shareholders received 0.0577663 shares in Samsung Electronics for each share held, for a total valuation of around US$880 million. Samsung Digital Imaging was spun out from Samsung Techwin Co. Ltd. some fourteen months...(read more)
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Thu, 2010-04-01 13:45