South Korean company Samsung Electronics announced its intentions to merge with Samsung Digital Imaging, where the merger is presented as part of the corporation - to become a global leader in digital cameras. The merger is expected to be signed on January 22 next year and will enter into force on 1 April of that year, after the transaction is approved by the shareholders in accordance with the resolution adopted after today's board meeting.
Under the agreement, Samsung Digital Imaging will be absorbed by Samsung Electronics as a business unit responsible for digital cameras, video cameras and optical instruments. The contribution of the two companies Samsung Electronics and Samsung Digital Imaging will be treated as 1:0.0577663.
At Samsung Electronics say that the merger will allow us the maximum benefit from the optical technologies available in the Samsung Digital Imaging, and apply them in other areas, such as mobile phones and printers.
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