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Acquisition   $112.00 per share in cash

Samsung completes $8 billion Harman acquisition

HarmanSamsung Electronics has completed the acquisition of Harman International Industries, Incorporated.

Under the terms of the merger agreement, Harman stockholders will receive $112.00 per share in cash.

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READ MORE Samsung buys Harman for $8 billion, enters connected car market

The completion follows the satisfaction of all conditions to the closing of the transaction, including approval of the transaction by Harman stockholders and receipt of all necessary regulatory approvals in the United States and certain foreign jurisdictions.

In connection with the completion of the transaction, Harman’s common stock will cease trading prior to market open on March 13, 2017 and will be delisted from the New York Stock Exchange.

Harman will operate as a standalone Samsung subsidiary. Samsung is retaining Harman’s work force, headquarters and facilities, as well as all of its consumer and professional audio brands.

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