“Apple Inc. has agreed to buy AuthenTec Inc (AUTH.O) for $8.00 per share, the maker of fingerprint sensor chips used in personal computers said, in a deal valued at about $356 million,” Supantha Mukherjee reports for Reuters. “AuthenTec makes security software and chips for mobile phones that it licenses to companies such as Samsung Electronics Co Ltd.”
MacDailyNews Take: Not anymore. Suck it, Kun-hee, you old convict.
“It also produces chips for fingerprint recognition and near-field communication (NFC),” Mukherjee reports. “Based on Thursday’s closing price $5.07, the offer represents a premium of 58 percent for AuthenTec’s shares.”
Mukherjee reports, “Melbourne, Florida-based Authentec disclosed the deal in a filing with the U.S. Securities and Exchange Commission… Piper Jaffray advised in the deal, the company said.”
Read more in the full article here.
MacDailyNews Note: As per the SEC filling, if AuthenTec opts for a higher bid from another company, it will pay Apple $10.95 million, however if the deal isn;t finalized because of antitrust concerns, Apple will pay AuthenTec $20 million.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Dan K.” for the heads up.]