5.25 million Samsung Electronics shares priced in a $326 million block sale for inheritance tax payment.
5.25 million Samsung Electronics shares priced in a $326 million block sale, with shares offered at 84,100 won each. The block deal follows an earlier one in January, where Lee Boo-jin, sister of Samsung Electronics Chairman, and her family sold a 0.5% stake in the company for $1.6 billion. The sale is reportedly to pay inheritance tax after the death of Samsung patriarch Lee Kun-hee in 2020.
April 08, 2024
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