IFLR1000

Samsung Electronics $8 billion acquisition of Harman International Industries

14/11/2016
Public acquisition
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$ 8 billion

Announced

14/11/2016

Overview:

  • Samsung Electronics has acquired US automobile electronics company Harman International Industries in an $8 billion deal.
  • The price tag comes to $112 per Harman share, which Samsung will pay in cash.
  • This is the largest overseas acquisition ever by a South Korean company.
  • The deal is expected to close by mid-2017.

Kurt Stumpo - Journalist

Jurisdictions:

United States
South Korea

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:
Paul Hastings

Party: Samsung Electronics (Acquirer)

Lawyer: Carl Sanchez

Wachtell Lipton Rosen & Katz

Party: Harman International Industries (Target)

Lawyer: Joshua Cammaker

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