Samsung put $8 billion on the table in a bid to become the leading supplier of parts for connected cars by acquiring Harman. This deal is now in jeopardy as shareholders (led by Robert Pine) have filed a lawsuit against Harman's CEO and board of directors. The suit alleges that the agreed upon price is too low, below the corporate value of Harman. The shareholders are also unhappy that the CEO and board did not look for competing bids for the company. Samsung agreed to pay $112 per share, a 28% premium on the day and 37% higher than the average share price for November (Harman shares...
Source: http://www.gsmarena.com/harman_shareholders_unhappy_with_samsung_deal_file_lawsuit_to_block_it-news-22733.php
