17 Feb Harman shareholders will decide on the sale of the company

Back in November of last year there appeared information that Samsung Electronics for $ 8 billion to buy the company Harman.


Initially, the Board of Directors of Harman has approved the deal, but then it became known that one of the shareholders opposed. Later, several shareholders Harman filed a lawsuit against the members of the Board of Directors of the company, stating that in fact the company is worth more.


Sources report that the final decision will be made on February 17 with a vote of shareholders. If the sale Harman will vote more than 50% of shareholders, all others will be required to sell their shares in the company.



Samsung will pay $ 112 per share, 28% more than they were worth November 11, 2016, the day before the South Korean company made a purchase offer.


Press attache Harman said that the company intends to close the transaction by mid-year. Guide and 8,000 employees Harman will retain their seats.

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Samsung
Harman

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