07-27-2012, 06:15 PM
http://www.sfgate.com/business/article/A...741012.php
Apple buying AuthenTec for about $356 million
NEW YORK (AP) — Apple has agreed to buy fingerprint reader AuthenTec Inc. for approximately $356 million as the company known for iPhones and iPads looks to strengthen its digital security capabilities.Apple disclosed in a regulatory filing that it will pay $8 for each share of AuthenTec, a 58 percent premium to thei closing price on Thursday.AuthenTec's stock jumped $3.30, or 65 percent, to $8.37 in Friday afternoon trading — above the offered price.The transaction was unanimously approved by AuthenTec's board. It still requires approval from a majority of the holders of AuthenTec stock. AuthenTec currently has about 44.5 million outstanding shares, according to FactSet.
Apple buying AuthenTec for about $356 million
NEW YORK (AP) — Apple has agreed to buy fingerprint reader AuthenTec Inc. for approximately $356 million as the company known for iPhones and iPads looks to strengthen its digital security capabilities.Apple disclosed in a regulatory filing that it will pay $8 for each share of AuthenTec, a 58 percent premium to thei closing price on Thursday.AuthenTec's stock jumped $3.30, or 65 percent, to $8.37 in Friday afternoon trading — above the offered price.The transaction was unanimously approved by AuthenTec's board. It still requires approval from a majority of the holders of AuthenTec stock. AuthenTec currently has about 44.5 million outstanding shares, according to FactSet.