Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Samsung Electronics Sells Printing Biz Unit to HP for US$2.0bil - Not a Bad Deal

Event-Driven

<p>Samsung Electronics hold the board meeting today. In today's board meeting, SEC's board members decided to sell its printing business to HP for US$1.05bil. Moreover, they decided to appoint SEC Vice Chairman Lee Jae-yong as a new board member. In regard to the sale of printing business unit to HP, SEC will first create a separate company called "S-Printing Solution Inc." through physical division and sell 100% stakes in this subsidiary and all of its assets to HP within a year. In addition, SEC…</p>

Samsung Electronics hold the board meeting today. In today's board meeting, SEC's board members decided to sell its printing business to HP for US$1.05bil. Moreover, they decided to appoint SEC Vice Chairman Lee Jae-yong as a new board member. In regard to the sale of printing business unit to HP, SEC will first create a separate company called "S-Printing Solution Inc." through physical division and sell 100% stakes in this subsidiary and all of its assets to HP within a year. In addition, SEC…

Samsung & HP's Print Deal - Sign for Price Downward Rigidity in SEC Shares