Samsung Electronics $8 billion acquisition of Harman International Industries

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