Today, Apple announced that they have agreed to buy AuthenTec, which makes security software and chips for mobile phones and fingerprint sensor chips for personal computers. In its entirety, the deal is valued at $356 million.
Based on Thursday's closing price of $5.07, the offer represents a premium of 58% for AuthenTec's shares. The company has an annual revenue of about $70 million.
AuthenTec's products are widely used in the electronics industry. The company counts Samsung Electronics, Lenovo Group Ltd., Fujitsu Ltd., and Dell as its customers. For more information on the company, visit www.AuthenTec.com.
The company disclosed the deal in a filing with the Securities and Exchange commission.
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