Outcome of Note 7 probe to be announced late 2016

Samsung SDI, a battery supplier for Samsung Electronics, said on Thursday it expects the two companies to announce late this year the results of their probe into the cause of fires in some of the Galaxy Note 7 smartphones.

Analysts said Samsung SDI supplied about 60 percent of the batteries for the Note 7, which Samsung Electronics scrapped earlier this month due to over-heating problems.

Samsung SDI also said on Thursday that it plans to buy back shares worth nearly 300 billion won ($263.07 million). ($1 = 1,140.3700 won)

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