SEOUL/NEW YORK (Oct 6): Tech giant Samsung Electronics Co Ltd said on Thursday that it will carefully review proposals made by U.S. hedge fund Elliott Management for restructuring and a special dividend, pushing the firm's shares to a record high. Samsung shares jumped as much as 5% to mark a new high in morning trade, outperforming a 0.6 rise for the broader market. Other than Third Point, a hedge fund active in Japan, Elliott is the only major U.S. activist with a significant presence in Asia. One factor that could help Elliott in its efforts is Samsung Electronic's more international shareholder base. Unlike the Samsung C&T battle, where the majority of shareholders were domestic investors, 11 of Samsung Electronic's top 20 shareholders are international investors, according to Thomson Reuters data.

Source: The Edge Markets October 06, 2016 04:18 UTC