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Barclays Downgrades Harmon International (HAR) to Equalweight

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Samsung to Acquire Harman (HAR) for $8B

November 14, 2016 5:53 AM EST

Samsung Electronics and Harman International Industries, Incorporated (NYSE: HAR) announced that they have entered into a definitive agreement under which Samsung will acquire HARMAN for $112.00 per share in cash, or total equity value of approximately $8.0 billion. Upon closing, the transaction will immediately 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. HARMAN is the market leader in connected car solutions, with more than 30 million vehicles currently... More