Apple to buy finger print senor-maker AuthenTec for $356 mn

Apple Inc has agreed to buy AuthenTec Inc for $8.00 per share, the maker of fingerprint sensor chips used in personal computers said, in a deal valued at about $356 million.

FP Archives|Jul 27, 2012, 18:51:53 IST

Apple Inc has agreed to buy AuthenTec Inc 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. 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.[caption id="attachment_394071" align="alignleft" width="380"] The Apple logo. AP[/caption]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, Fujitsu Ltd and Dell Inc as customers, has annual revenue of about $70 million.Piper Jaffray advised in the deal, the company said.Reuters

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