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Give a transaction that's currently in the news. Tell what type of criteria the buyer may...

Give a transaction that's currently in the news. Tell what type of criteria the buyer may have employed to identify the target company as an attractive takeover candidate. Be specific.

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Answer #1

Samsung Electronics acquired Harman International Industries, Incorporated (“HARMAN”). Under the terms of the merger agreement, HARMAN stockholders received $112.00 per share in cash.

Harman International Industries Inc best known for its car stereos and navigation systems, one of the best “hidden values” on the market. At the time, Harman had just delivered solid earnings with a 2.5% cut in its full-year earnings. Investors gave it a big smackdown, sending its share price down 30% on its disappointing guidance. The 30% haircut was unwarranted providing investors with a real value play.

Samsung Electronics offered to buy Harman for $112 a share or $8 billion. Completing the deal on March 2017, Samsung bought Harman so that it could capture a big chunk of the automotive electronics market.

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