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Samsung · South Korea ·

Samsung urged by hedge fund to buy back preferred shares in push to close valuation gap

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Life Asset Management wants Samsung to repurchase and cancel discounted preferred stock, targeting board action by October. A South Korean hedge fund is pushing Samsung Electronics to do something about a problem that’s been hiding in plain sight: the company’s preferred shares are trading at a roughly 26% discount to its common stock, and the fund thinks a targeted buyback could fix it. Life Asset Management made its case on September 14, urging Samsung to repurchase and cancel its preferred shares. Samsung’s preferred shares have long traded below its common stock, but the gap has been particularly stubborn.

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#Samsung #South Korea