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Harman International +26% after Samsung swoops in

Nov. 14, 2016 9:26 AM ETHarman International Ind. Inc. (HAR) StockBy: Clark Schultz, SA News Editor16 Comments
  • Harman International (NYSE:HARsoars 26.18% to $110.60 in premarket trading after accepting a takeover offer from Samsung at $112 per share.
  • Harman's board has already approved the deal, which is expected to close in the middle part of 2017.
  • The company will operate as a standalone Samsung subsidiary and be led by Dinesh Paliwal along with the current management team.
  • Previously: Samsung moves into the connected car market (Nov. 14)

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