Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSamsung El.gdr Regulatory News (SMSN)

Share Price Information for Samsung El.gdr (SMSN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,487.00
Bid: 1,492.00
Ask: 1,494.00
Change: 0.00 (0.00%)
Spread: 2.00 (0.134%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 1,487.00
SMSN Live PriceLast checked at -
  • This share is an international stock.

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

SEA's Acquisition of Harman (Update)

13 Mar 2017 07:45

RNS Number : 2410Z
Samsung Electronics Co. Ld
13 March 2017
 

SEA's Acquisition of Harman (Update)

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") announced today that the details of the acquisition of Harman by Samsung Electronics America Inc. ("SEA"), a wholly owned subsidiary of SEC, have been finalized. The transaction was originally announced on November 14, 2016. The updated details of the transaction are as below:

 

1. Method of Acquisition

- SEA will acquire 100% ownership of Harman International Industries, Inc. ("Harman").

 

2. Transaction Value (Updated Information)

- Number of acquired shares: 69,917,681

- Transaction value: KRW 9,339,273,497,346.75

- Total number of shares owned after acquisition: 1,000

 The transaction value (1) equals USD 8,020,674,594.08 and (2) was adjusted according to the exchange rate at KEB Hana Bank on the date of the original disclosure on November 14, 2016 (USD 1: KRW 1,164.40).

 The transaction value is calculated at USD 189,894,322.08 scheduled to be paid to Harman's stock options, stock appreciation rights and restricted stock unit awards (collectively "Company Equity Award") holders, and USD 7,830,780,272, which was calculated by multiplying USD 112 by the amount of shares purchased at that price.

 The number of acquired shares is the number of outstanding shares of Harman (excluding treasury shares) purchased by SEA through payment of the merger consideration. The total number of shares owned after the acquisition is the number of shares owned by SEA after SEA subsidiary Silk's outstanding shares are converted to shares of Harman.

- Financing for the acquisition will be provided from a capital injection by SEC.

 SEC's increase in capital proceeded without issuing new shares according to applicable U.S. Law.

 

3. Completion of Transaction

- The transaction was completed at 0:00 am, March 11, 2017 (10:00 am, March 10, New York time).

 

4. Other Information related to investment decision

- Upon the completion of the transaction, Harman will become a wholly owned subsidiary of SEA, an overseas subsidiary of SEC.

- SEC will provide further updates upon any decisions or changes regarding the matters set forth in this disclosure.

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQDXLBFDXFZBBB
Date   Source Headline
20th Mar 20249:07 amRNSTransactions with Affiliated Companies
20th Mar 20249:05 amRNSResults of the 55th Annual General Meeting
21st Feb 20247:00 amRNSReference Material for 2024 AGM
20th Feb 20248:31 amRNSCharitable Contribution
19th Feb 20249:40 amRNS2023 Separate Financial Statements
19th Feb 20249:34 amRNS2023 Consolidated Financial Statements
31st Jan 20247:00 amRNSYear-End Dividend for FY2023
31st Jan 20247:00 amRNS2023 4Q Earning Release
31st Jan 20247:00 amRNSAnnouncement of Capex Result for FY2023
31st Jan 20247:00 amRNSTransactions with Affiliated Companies
31st Jan 20247:00 amRNSShareholder Return Program for FY2024-2026
9th Jan 20247:00 amRNSNotice of 4Q 2023 Earning Release
9th Jan 20247:00 amRNS4Q 2023 Pre-Earnings Guidance
1st Dec 202311:09 amRNSCharitable Contribution
30th Nov 20237:54 amRNSTransactions with Affiliated Companies
30th Nov 20237:34 amRNS2023 3Q Interim Business Report
6th Nov 20238:43 amRNSAnnouncement of Investor Relations Event
31st Oct 20237:21 amRNSTransactions with Affiliated Companies
31st Oct 20237:18 amRNSAnnouncement of Capex Plan for FY2023
31st Oct 20237:13 amRNSQuarterly Dividend for Third Quarter 2023
31st Oct 20237:10 amRNS2023 3Q Earning Release
11th Oct 20237:10 amRNSNotice of 3Q 2023 Earning Release
11th Oct 20237:04 amRNS3Q 2023 Pre-Earnings Guidance
21st Sep 20237:30 amRNS2022 Business Report
21st Sep 20237:29 amRNS2022 Separate Financial Statements
21st Sep 20237:29 amRNS2022 Consolidated Financial Statements
31st Aug 20238:15 amRNS2023 Half-year Business Report
27th Jul 20238:15 amRNSTransaction with Affiliate Company
27th Jul 20238:09 amRNSCharitable Contribution
27th Jul 20238:04 amRNSQuarterly Dividend for Second Quarter 2023
27th Jul 20238:03 amRNS2023 2Q Earning Release
7th Jul 20237:31 amRNS2Q 2023 Pre-Earnings Guidance
3rd Jul 202310:12 amRNSSustainability Report 2023
31st May 202310:15 amRNSCorporate Governance Report FY2022
31st May 20239:26 amRNSCorporate Governance Report FY2022
31st May 20239:22 amRNS2023 1Q Interim Business Report
28th Apr 20237:47 amRNS2022 Business Report
27th Apr 20238:09 amRNSCharitable Contribution
27th Apr 20238:07 amRNSQuarterly Dividend for First Quarter 2023
27th Apr 20238:05 amRNS2023 1Q Earning Release
13th Apr 20238:33 amRNSNotice of 1Q 2023 Earning Release
11th Apr 20237:00 amRNS1Q 2023 Pre-Earnings Guidance
15th Mar 202310:30 amRNSResults of the 54th Annual General Meeting
16th Feb 20237:49 amRNS2022 Separate Financial Statements
16th Feb 20237:45 amRNS2022 Consolidated Financial Statements
14th Feb 20239:25 amRNSReference Material for 2023 AGM
14th Feb 20239:16 amRNSTransaction with Affiliate Company
14th Feb 20239:06 amRNSTransaction with Affiliate Company
14th Feb 20239:03 amRNSCharitable Contribution
31st Jan 20237:05 amRNSTransaction with Affiliate Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.