On December 26, 2011, Samsung Electronics decided to purchase Sony's entire stake (50% - 1 shares) in S-LCD Corporation. After acquisition, Samsung Electronics’ stake in S-LCD will be 100%.
The strategic partnership between Samsung Electronics and Sony will continue via long-term supply agreement of LCD panels, as agreed by the two companies.
□ Details of the transaction are as follows:
- No. of shares to be acquired: 329,999,999 shares
- Total value of shares: Approx. KRW 1,082,218 million
- Contract signing date: December 26, 2011
- Expected transaction date: January 19, 2012