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Palliser Urges Samsung to Launch US Share Listing to Address…
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Palliser urges Samsung to launch US share listing to address…
Activist hedge fund Palliser Capital has called on Samsung Electronics to issue American depositary receipts (ADRs) in the US and use the proceeds to repurchase preferred shares, in a bid to narrow the valuation gap with its ordinary shares, according to a report by Bloomberg.Palliser founder and Chief Investment Officer James Smith outlined the proposal at the Sohn San Francisco Investment Conference on Tuesday, arguing that Samsung could impro…
British activist fund Palisades Capital [issued] American Depositary Receipts (ADRs) to Samsung Electronics for the purpose of purchasing and canceling preferred shares in domestic stocks.
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