Samsung SDI says to sell $3.2 billion worth of Samsung Display shares back to display maker
SEOUL, Aug 21 (Reuters) – Samsung SDI said on Friday it will sell 13.09 million shares in affiliate Samsung Display to the display maker for about 4.45 trillion won ($3.21 billion), to raise funds for investments in future growth engines. Samsung Display plans to buy the shares as treasury stock at 340,000 won each, Samsung SDI said in a regulatory filing. The transaction is scheduled to close on August 27, […]