HALISTER: Samsung Electronics to Acquire Harman International for $8b

Samsung Electronics to Acquire Harman International for $8b

(Bloomberg) -- Samsung Electronics will acquire Harman International for $112 per share in cash, according to e-mailed statement from Samsung.
  • Uopn closing, Harman will operate as a standalone Samsung subsidiary
  • The purchase price represents a premium of 28% based on Harman’s closing stock price on Nov. 11
  • The transaction, which is subject to approval by Harman shareholders, regulatory approvals and other customary closing conditions, is expected to close in mid-2017
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
005930 KS (Samsung Electronics Co Ltd)
HAR US (Harman International Industries Inc)

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