Samsung Electronics to acquire Harman
Samsung Electronics and Harman International Industries announced they have entered into a definitive agreement under which Samsung will acquire Harman for $112 per share in cash, or total equity value of approximately $8.0 billion. Upon closing, the transaction will give Samsung a significant presence in the large and rapidly growing market for connected technologies, particularly automotive electronics, which has been a strategic priority for Samsung, and is expected to grow to more than $100 billion by 20251, according to the company.
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Source:: http://fleetowner.com/technology/samsung-electronics-acquire-harman
