Palliser Asks Samsung to Issue ADRs to Buy Back Preferred Shares

Palliser Capital wants Samsung Electronics Co. to list shares in the US and use the proceeds to buy back preferred stock, saying the company should do more to narrow the...

By Youkyung Lee · Bloomberg Markets

Palliser Capital wants Samsung Electronics Co. to list shares in the US and use the proceeds to buy back preferred stock, saying the company should do more to narrow the discount on those securities, which carry no voting rights.