Mumbai: Apple has agreed to buy AuthenTec for $8.00 per share, the maker of fingerprint sensor chips used in personal computers said. The deal is valued at about $356 million.
AuthenTec makes security software and chips for mobile phones that it licenses to companies such as Samsung Electronics Co Ltd. It also produces chips for fingerprint recognition and near-field communication (NFC).
Melbourne, Florida-based Authentec disclosed the deal in a filing with the US Securities and Exchange Commission.
Based on Thursday's closing price $5.07, the offer represents a premium of 58 per cent for AuthenTec's shares.
AuthenTec, which also counts Lenovo Group Ltd, Fujitsu Ltd and Dell Inc as customers, has annual revenue of about $70 million.
Piper Jaffray advised in the deal, the company said.
Copyright @ Thomson Reuters 2012
AuthenTec makes security software and chips for mobile phones that it licenses to companies such as Samsung Electronics Co Ltd. It also produces chips for fingerprint recognition and near-field communication (NFC).
Melbourne, Florida-based Authentec disclosed the deal in a filing with the US Securities and Exchange Commission.
Based on Thursday's closing price $5.07, the offer represents a premium of 58 per cent for AuthenTec's shares.
AuthenTec, which also counts Lenovo Group Ltd, Fujitsu Ltd and Dell Inc as customers, has annual revenue of about $70 million.
Piper Jaffray advised in the deal, the company said.
Copyright @ Thomson Reuters 2012
