FCP Proposes Buying Samsung Affiliates' S1 Stake for 906.6B Won
Flashlight Capital Partners (FCP) has submitted a firm proposal to acquire the full S1 stake held by five Samsung Group affiliates for 906.6 billion won, offering 116,000 won per share and a 45.2% premium. FCP also requested inspection and copying of shareholder registers and sent a letter to Samsung Electronics chairman Lee Jae-yong, arguing the holdings lack strategic rationale.