Apple to buy fingerprint sensor maker AuthenTec for $356 million

Fri Jul 27, 2012 8:28am EDT
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(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: Quote) 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)

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