Apple to buy fingerprint sensor maker AuthenTec for $356 million
(Reuters) - Apple Inc (AAPL.O: Quote) 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.
AuthenTec makes security software and chips for mobile phones that it licenses to companies such as Samsung Electronics Co Ltd (005930.KS: Quote). It also produces chips for fingerprint recognition and near-field communication (NFC).
Melbourne, Florida-based Authentec disclosed the deal in a filing with the U.S. Securities and Exchange Commission.
Based on Thursday's closing price $5.07, the offer represents a premium of 58 percent for AuthenTec's shares.
AuthenTec, which also counts Lenovo Group Ltd (0992.HK: Quote), Fujitsu Ltd 6702.T and Dell Inc DELL.O as customers, has annual revenue of about $70 million.
Piper Jaffray advised in the deal, the company said.
(Reporting by Supantha Mukherjee and Himank Sharma in Bangalore; Editing by Ted Kerr)
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