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Samsung Electronics Says It Agrees to Buy Grandis Inc. Stake

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Aug. 2 (Bloomberg) -- Samsung Electronics Co. agreed to buy a stake in Grandis Inc., Samsung spokesman James Chung said by phone today, confirming an earlier Maeil Business Newspaper report. Chung declined to comment on the cost of the acquisition and the size of the stake.

Link to Company News:{005930 KS <Equity> CN <GO>}

To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net

To contact the editor responsible for this story: Anand Krishnamoorthy at anandk@bloomberg.net

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