November 28, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Harman International Industries Inc (NYSE:HAR), was announced concerning whether the takeover of Harman International Industries Inc. by Samsung Electronics for $112 per share is unfair to NYSE:HAR stockholders.

The investigation by a law firm concerns whether certain officers and directors of Harman International Industries Inc breached their fiduciary duties owed to NYSE:HAR investors in connection with the proposed acquisition.

On November 14, 2016, Samsung Electronics (KRX: 005930) and Harman International Industries Inc (NYSE:HAR) announced that they have entered into an agreement under which Samsung Electronics will acquire Harman International Industries Inc (NYSE:HAR) for $112.00 per share in cash, or total equity value of approximately $8.0 billion.

However, the investigation concerns whether the offer is unfair to NYSE:HAR stockholders. More specifically, the investigation concerns whether the Harman International Industries Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Harman International Industries Inc reported that its Total Revenue rose from over $6.15 billion for the 12 months period that ended on June 30, 2015 to over $6.91 billion for the 12 months period that ended on June 30, 2016 and that its Net Income for those respective time periods increased from $342.68 million to $361.73 million.

Shares of Harman International Industries Inc (NYSE:HAR) reached as high as $145.10 per share in April 2015.