Cases
Harman International Industries, Incorporated (NYSE: HAR)
Merger
Overview
Overview
- Date:
- 2/23/2017
- Company Name:
- Harman International Industries, Inc.
- Stock Symbol:
- HAR
- Company Name - Buyer:
- Samsung Electronics
- Class Period:
- FROM 1/10/2017
- Status:
- Closed/Complete
- Merger Announcement Date:
- 11/14/2016
NEW YORK, February 23, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the District of Connecticut on behalf of all persons or entities who held Harman International Industries, Incorporated (NYSE: HAR) securities on January 10, 2017 (the “Class Period”).
On November 14, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which Samsung Electronics will acquire Harman International in a deal worth $8 billion. As a result of the merger, Harman International shareholders are only anticipated to receive $112 in cash for each share of Harman International common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Harman International securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On November 14, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which Samsung Electronics will acquire Harman International in a deal worth $8 billion. As a result of the merger, Harman International shareholders are only anticipated to receive $112 in cash for each share of Harman International common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Harman International securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.