Investing.com – Samsung Electronics (KS:005930) Monday said it has agreed to acquire Harman International (NYSE:HAR) for $8 bn in cash.
Samsung said the deal gives it a “significant presence” in automotive electronics.
Samsung is offering $112 a share, a 28% premium to Harman’s closing price Friday.
Samsung suffered a major setback with withdrawal of Galaxy Note 7 smartphone due to fire risk.