Industry
Harman votes to approve merger with Samsung Electronics
Feb. 18, 2017
Shareholders of US auto parts supplier Harman International approved the company’s merger with Samsung Electronics Friday. According to a regulatory filing with the US Securities and Exchange Commission, 70.78 percent of Harman’s common shares were represented at the shareholders meeting-- 49,460,322 out of a total of 69,883,605 shares – either by shareholders or through proxies. The voting result was 46,921,832 shares in favor and 2,107,178 shares against, with 431,312 abstentions. Samsung Elec