Samsung Electronics agrees to buy Harman for $8 billion www.reuters.com
Samsung Electronics (005930.KS) said on Monday it had agreed to buy Harman International Industries (HAR.N) for about $8 billion, a deal that enables the South Korean electronics giant to expand its presence in the automotive electronics market.
Samsung said in a statement it expected to use cash to fund the deal, which represents a premium of 28 percent to Harman's Friday closing price.
Published Date:2016-11-14