July 27, 2012 / 11:50 AM / 5 years ago

Apple to buy fingerprint sensor maker AuthenTec for $356 million

1 Min Read

An Apple logo is seen at the Apple Worldwide Developers Conference 2012 in San Francisco, California June 11, 2012.Stephen Lam

(Reuters) - Apple Inc (AAPL.O) 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). 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), 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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