It’s a day of mergers and acquisitions. After confirming the S-LCD takeover to make it a wholly-owned Samsung Electronics subsidiary, Samsung Electronics will absorb its another subsidiary, Samsung LED.
Samsung Electronics had an equal stake in the LED subsidiary with Samsung Electro-Mechanics but with the merger, Samsung Electronics will merge the unit with its component division that produces semiconductors and LCD panels.
Samsung LED was a spin-off unit of Electro-Mechanics which was created in 2009.
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