News in the afternoon of november 16, 2012,according to Bloomberg, according to people familiar with the matter, because the French executives and Italy executives in the resolution of disputes, STMicroelectronics may decide not to split.
The insider said, resolution of analog service and digital business proposal did not get the full support of the board of directors of the company.President Didier Lombard (Didier Lombard), and chief operating officer Didier Ramch (Didier Lamouche), and other French executives failed to persuade the Italy nationality CEO Carlo Pozzotti (Carlo Bozotti) to support the plan.In June the turnover strategy director Philip Labinet (Philippe Lambinet) was an important supporter of split.
Because the management opinions are not unified, the company will be difficult to persuade holds 27.5% of its shares in the Italian and French government approved the reform plan.
STMicroelectronics yesterday reiterated in the statement, the company did not split plan.
