Harman shareholders file class action suit to oppose Samsung acquisition deal
However, Harman shareholders have now filed a class action lawsuit against the company's CEO and board, in a bid to deter the finalization of the deal. According to the shareholders, Harman International's value has been greatly depreciated, thus resulting in a an inadequate and flawed merger deal.
If the deal falls through and relations between the two companies go sour, we may never see a Samsung flagship smartphone with Harman's high-end audio tech built-in.
FCC OKs Cingular\'s purchase of AT&T Wireless
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