Samsung's Block Deal Piques Investor Attention, Lee Boo-jin Sells Stake in $330M Transaction

Quick Summary:

Around 5.25 million Samsung Electronics Co (OTC:SSNLF) shares are up for sale in a block deal valued at approximately $330 million. 

According to reports citing anonymous investment banking sources, Lee Boo-jin, sister to Samsung Electronics Chairman Jay Y.Lee, is the seller. 

The shares are being offered at a price range of 83,700 won to 84,500 won each, representing a discount of up to 0.95% off Samsung’s closing price on Monday of 84,500 won, Reuters cites a term sheet.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: AI Generated News US67066G1040 Tech SSNLF Benzinga Briefs NVDA Stories That Matter

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-08 @ 15:57:47 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 278 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 20640117

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