Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Event-Driven

Details of Agreement and Plan of Merger Between Samsung Electronics America and Harman International Industries<table class="table table-striped"><tbody>
<tr>
<td>Item</td>
<td>Detail</td>
</tr>
<tr>
<td>New Share Issuing Company</td>
<td>Harman International Industries, Incorporated</td>
</tr>
<tr>
<td>CEO</td>
<td>Dinesh Paliwal</td>
</tr>
<tr>
<td>Capital</td>
<td>₩1.64tril</td>
</tr>
<tr>
<td>Number of New Shares To Be Issued</td>
<td>101,157,320</td>
</tr>
<tr>
<td>Acquisition Amount</td>
<td>₩9.34tril (US$112 Per Share)</td>
</tr>
<tr>
<td>Stake %</td>
<td>100%</td>
</tr>
<tr>
<td>Acquisition Type</td>
<td>All Cash</td>
</tr>
<tr>
<td>Put/Call Option</td>
<td>N/A</td>
</tr>
</tbody></table><ul><li>Samsung Electronics America, Inc. ("SEA") will acquire 100% stake in Harman International through a merger of SEA's newly-established…</li></ul>

Details of Agreement and Plan of Merger Between Samsung Electronics America and Harman International Industries

Item
Detail


New Share Issuing Company
Harman International Industries, Incorporated


CEO
Dinesh Paliwal


Capital
₩1.64tril


Number of New Shares To Be Issued
101,157,320


Acquisition Amount
₩9.34tril (US$112 Per Share)


Stake %
100%


Acquisition Type
All Cash


Put/Call Option
N/A

Samsung Electronics America, Inc. ("SEA") will acquire 100% stake in Harman International through a merger of SEA's newly-established…

Details of Samsung-Harman Merger Agreement

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Thematic (Sector/Industry)

<ul><li>The biggest SGX-listed stocks that respectively represent the hardware, software and semiconductors industries are Venture Corporation, Silverlake Axis and UMS Holdings. </li><li>These three stocks have averaged a 19.2% total return in the 2016 year-to-date.</li><li>These three current leaders of the Sector have also had to embrace innovation and transformation for the last 25-30 years. The foundations of the trio track back to the 1980s.</li></ul>

The biggest SGX-listed stocks that respectively represent the hardware, software and semiconductors industries are Venture Corporation, Silverlake Axis and UMS Holdings. These three stocks have averaged a 19.2% total return in the 2016 year-to-date.These three current leaders of the Sector have also had to embrace innovation and transformation for the last 25-30 years. The foundations of the trio track back to the 1980s.

Innovative Transformation of Singapore's Technology Sector

Thematic Investing in Tech and Media, CM Research

Cyrus Mewawalla

Thematic Investing in Tech and Media

Thematic TMT investing

CM Research

CM Research is an independent research house based in London, England. We provide global thematic research in the Technology, Media and Telecoms (TMT) sectors. 

Our focus is on disruptive technologies: how will they unfold; which industries will be impacted; and who will be the ultimate winners and losers. 

Our aim is to help investors predict share prices and corporate executives stay one step ahead of the technology trends that are shaping their industry. 

We research technology investment themes in detail and then feed the results into a scorecard system to quantify the impact of several conflicting themes on individual stocks. 

Recent themes covered include internet TV, the Internet of Things, Big Data, Mobile payments, crowdfunding, artificial intelligence, the cloud, software defined networking and Generation Hashtag.

We cover the top 500 global TMT stocks by market capitalisation and several technology start-ups and pre-IPO companies too. 

In 2015, CM Research analysts outperformed the Bloomberg Benchmark Analyst Index - which measures how good analysts are at predicting stock prices - by 7.1%.

This article looks at the impact of artificial intelligence (AI) technology on the investment management community.AI will change the investment landscape in three ways. First, investors will be forced to place more value on the quality of a company’s AI assets. Second, investors themselves will rely far more on AI-based research techniques to support their investment approach. And third, investors will compete head to head for AI talent with the technology sector.

This article looks at the impact of artificial intelligence (AI) technology on the investment management community.AI will change the investment landscape in three ways. First, investors will be forced to place more value on the quality of a company’s AI assets. Second, investors themselves will rely far more on AI-based research techniques to support their investment approach. And third, investors will compete head to head for AI talent with the technology sector.

Samsung Electronics acquired Harman for US$8bil (₩9.4tril). This is the biggest M&amp;A deal by any Korean corporation. Harman is clearly the front-runner in the automotive electronic component market. Harman has annual sales of US$7bil with operating profits of US$700mil. About 65% of its sales are generated from the automotive electronic component business, which includes connected car info-tainment, telematics, car security system and OTA (over the air) solutions.Why Harman instead of Magneti…

Samsung Electronics acquired Harman for US$8bil (₩9.4tril). This is the biggest M&amp;A deal by any Korean corporation. Harman is clearly the front-runner in the automotive electronic component market. Harman has annual sales of US$7bil with operating profits of US$700mil. About 65% of its sales are generated from the automotive electronic component business, which includes connected car info-tainment, telematics, car security system and OTA (over the air) solutions.Why Harman instead of Magneti…

Samsung's Harman Acquisition - Why Harman & What Impact on Samsung Restructuring

Korea's tech specialized newspaper called "Electronic Times" reported that Sony and LG Display are nearing to a supply deal of large-size OLED panels for TV. That is, Sony really has a decent chance to finally get LG Display's highly coveted OLED panels for TV (W-OLED panels). Surely, there is a potential conflict of interest within LG Group. LG Electronics, which is fiercely competing against Sony in the global premium TV market, would not like this deal. Nonetheless, LG Group seems to have…

Korea's tech specialized newspaper called "Electronic Times" reported that Sony and LG Display are nearing to a supply deal of large-size OLED panels for TV. That is, Sony really has a decent chance to finally get LG Display's highly coveted OLED panels for TV (W-OLED panels). Surely, there is a potential conflict of interest within LG Group. LG Electronics, which is fiercely competing against Sony in the global premium TV market, would not like this deal. Nonetheless, LG Group seems to have…

Sony Will Likely Be LG Display's New Client for Large-Size OLED Panels for TV - Implications

South Korea

Samsung Electronics Co., Ltd. manufactures a wide range of consumer and industrial electronic equipment and products such as semiconductors, personal computers, peripherals, monitors, televisions, and home appliances including air conditioners and microwave ovens. The Company also produces Internet access network systems and telecommunications equipment including mobile phones.

Samsung Electronics Pref Shares (005935 KS)

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Samsung Electronics Pref Shares (005935 KS)

Details of Samsung-Harman Merger Agreement

Details of Agreement and Plan of Merger Between Samsung Electronics America and Harman International Industries Samsung Electronics America, Inc....

Sanghyun Park

Innovative Transformation of Singapore's Technology Sector

The biggest SGX-listed stocks that respectively represent the hardware, software and semiconductors industries are Venture Corporation, Silverlake...

Singapore Exchange Ltd (SGX)

What AI Means for Investors

This article looks at the impact of artificial intelligence (AI) technology on the investment management community.AI will change the investment...

CM Research

Samsung's Harman Acquisition - Why Harman & What Impact on Samsung Restructuring

Samsung Electronics acquired Harman for US$8bil (₩9.4tril). This is the biggest M&A deal by any Korean corporation. Harman is clearly the...

Sanghyun Park

Sony Will Likely Be LG Display's New Client for Large-Size OLED Panels for TV - Implications

Korea's tech specialized newspaper called "Electronic Times" reported that Sony and LG Display are nearing to a supply deal of large-size OLED...

Sanghyun Park

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