Bloomberg News

Samsung Life Shareholder Selling 4 Million Shares, Terms Show

October 17, 2011

Oct. 17 (Bloomberg) -- Units of CJ Corp. are selling 4 million shares in Samsung Life Insurance Co. for as much as 349.2 billion won ($307 million), according to terms for the deal obtained by Bloomberg News.

The shares are being offered at 85,500 won to 87,300 won apiece, the terms showed. That’s a discount of 3 percent to 5 percent to today’s closing price, according to the document. Nomura Holdings Inc. is arranging the sale.

To contact the reporter on this story: Fox Hu in Hong Kong at fhu7@bloomberg.net

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net


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