Recently, Harman’s shareholders are under the leadership of shareholder Robert Pine to the Harman International CEO and Board of Directors launched a class action to terminate the acquisition with Samsung.
In the indictment, the shareholders said, Haman’s CEO and board of directors did not seriously look for bidders, Samsung is given the purchase price is too low, much lower than the value of the enterprise. In the deal, Samsung agreed to buy at a price of $ 112 a share, up from 37% of Harman’s November average, at a premium of 28%. Today, Harman’s share price has surpassed $ 110.
It is reported that the transaction to be adopted, the need to decide by Haman internal vote. The vote is expected to be conducted in the first quarter of this year. If the deal finally ended in failure and led to the deterioration of the relationship between the two companies, then hope to Samsung’s flagship new machine with Haaman high-end audio technology can only think about it. ma3j700
November 14 last year, Samsung Electronics announced the acquisition of Harman International. If Harman International’s shareholders approved the deal, it would be the biggest acquisition in Samsung’s history. Information, Harman International is the world’s leading high-end audio manufacturers, especially in the automotive field, such as the brand Harman Kardon is BMW, Land Rover, Mercedes-Benz and other brands favorite “sounds of nature”, the relevant models Mercedes-Benz S600L, BMW 530Li, Buick LaCrosse, etc., but also including JBL, AKG and other consumer-level brands. In addition, Harman International is a leading enterprise in the field of Internet of Things auto solutions, covering the Internet automotive solutions, including embedded infotainment, vehicle information, Internet security services, as of September 30, 2016 within the past 12 months , Product sales accounted for 65% of the automotive industry. lx4f232h5qdfiga3
“Harman is a perfect fit for Samsung’s technology, products and solutions, and the alliance between them is a natural extension of the auto development strategy we’ve been pursuing,” said Samsung’s vice chairman, Hyeon-Hyun. The acquisition will provide Harman Kardon, JBL, Mark Levinson, AKG, Harman Kardon, JBL, Samsung, Samsung, Samsung and Samsung. , Lexicon, Revel and Infinity advanced audio systems.
After the deal closes, Harman International will operate as an independent subsidiary of Samsung and will continue to be led by existing teams. Samsung said it will continue to retain the Harman country office space, factory facilities, headquarters and all consumer and professional-level audio brands. The transaction is expected to be completed by the middle of this year.
The industry believes that through this acquisition, Samsung Electronics will directly become the world’s largest car company’s suppliers, which will make the global automotive supply chain re-combination, and with the mobile communications and automotive fields further blurred the boundaries of Samsung will To understand more consumer habits and changes in demand. At present, Google and Apple respectively have their own car system Android Auto and CarPlay, and to successfully enter the automotive field.
