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Samsung to Acquire Harman in $8 Billion Deal

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SEOUL, Korea and STAMFORD, CT — Samsung Electronics and will acquire Harman International Industries for $112 per share in cash, or total equity value of approximately $8 billion. The deal, announced Nov. 14, changes ownership for Harman-owned brands including Martin Professional lighting products and pro audio brands including AKG, BSS, Crown, dbx, JBL, Soundcraft and Studer.

Full details of the transaction can be found on Harman’s website, harman.com, at http://plsn.me/Harman-Samsung.