Samsung sees $1.4-bn dividend payment from Corning deal
)
Samsung Electronics Co said on Friday it expected an additional 1.5 trillion won ($1.4 billion) payment from Corning Inc after the US firm agreed to buy the South Korean firm's display unit out of an LCD glass venture.
"On top of the already announced detail that Corning will buy out (Samsung Display's) stake in the glass venture, there'll be additional payment of dividend, which we estimate at around 1.5 trillion won," Robert Yi, head of Samsung Electronics investor relations, told analysts.
"On top of the already announced detail that Corning will buy out (Samsung Display's) stake in the glass venture, there'll be additional payment of dividend, which we estimate at around 1.5 trillion won," Robert Yi, head of Samsung Electronics investor relations, told analysts.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Oct 26 2013 | 12:21 AM IST