No Fingerprint Cards Acquisition for Samsung After All (AAPL)
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +20.4%
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Samsung apparently did not acquire a Swedish fingerprint-ID sensor company. Regardless, the technology would have helped Samsung with its continued fight against Apple (Nasdaq: AAPL), which recently released an iPhone with a fingerprint/biometric scanner for security purposes.
The denial press release is reprinted below, with the original below that:
The news in today’s media that Fingerprint Cards AB has been acquired by Samsung is incorrect.
The previous press release was not sent by Fingerprint Cards AB.
Trading in the share has been suspended.
What has happened will be reported to the police and to the Swedish Financial Supervisory Authority.
ORIGINAL:
Gothenburg, Sweden: Fingerprint Cards AB and Samsung Electronics today announced that they have entered into a definitive agreement under which Samsung will acquire Fingerprint Cards, the leading fingerprint verification company, for $650 million in cash. The agreement has been approved by the boards of directors of both Fingerprint Cards and Samsung.
The acquisition will increase the accessibility of swipe sensor technology. The combination will extend Fingerprint Cards world class technology.
Swipe sensor technology is phenomenal in every way and are going to be loved by millions of people around the world,” said Samsung CEO Kwon Oh-hyun. “Together we will create the future.
Fingerprint Cards will become a new business division within Samsung, and Fingerprint Cards CEO Johan Carlström will assume the title of president of the Samsung Fingerprint Cards Division, reporting directly to Kwon Oh-hyun.
Fingerprints Cards and Samsung share the vision of bringing products to our customers,” said Johan Carlström. “Together, we will be able to accelerate Samsung’s plans,” Johan Carlström said.
The denial press release is reprinted below, with the original below that:
The news in today’s media that Fingerprint Cards AB has been acquired by Samsung is incorrect.
The previous press release was not sent by Fingerprint Cards AB.
Trading in the share has been suspended.
What has happened will be reported to the police and to the Swedish Financial Supervisory Authority.
ORIGINAL:
Gothenburg, Sweden: Fingerprint Cards AB and Samsung Electronics today announced that they have entered into a definitive agreement under which Samsung will acquire Fingerprint Cards, the leading fingerprint verification company, for $650 million in cash. The agreement has been approved by the boards of directors of both Fingerprint Cards and Samsung.
The acquisition will increase the accessibility of swipe sensor technology. The combination will extend Fingerprint Cards world class technology.
Swipe sensor technology is phenomenal in every way and are going to be loved by millions of people around the world,” said Samsung CEO Kwon Oh-hyun. “Together we will create the future.
Fingerprint Cards will become a new business division within Samsung, and Fingerprint Cards CEO Johan Carlström will assume the title of president of the Samsung Fingerprint Cards Division, reporting directly to Kwon Oh-hyun.
Fingerprints Cards and Samsung share the vision of bringing products to our customers,” said Johan Carlström. “Together, we will be able to accelerate Samsung’s plans,” Johan Carlström said.
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