UPDATE 1-Samsung Elec shares up 6 pct on hostile bid report

(Reuters) - Shares received an additional boost after Samsung posted a
smaller-than-expected 5 percent drop in quarterly profit and said
it would issue 73 billion won in interim dividends.
[ID:nSEO93092] [ID:nSEL000039]




The Chosun Ilbo quoted an unnamed high-ranking Samsung
official as saying that the company received information that
U.S. billionaire investor Carl Icahn and other hedge funds were
readying hostile M&A bids for Samsung.


Read more at Reuters.com Mergers News