Samsung Electronics, LED merger likely next week
IndustryDec 21, 2011
Samsung Electronics is expected to merge with Samsung LED by next Monday, according to industry sources on Wednesday.Samsung Electronics and Samsung Electro-Mechanics will hold a board meeting on Dec. 26 to decide on whether the flagship electronics arm will acquire the 50 percent stake of Samsung LED, currently owned by Samsung Electro-Mechanics, sources said.The merger is projected to be completed by the first half of next year with the board’s approval.Samsung LED is a joint venture made betw