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News Breaks
January 31, 2014
08:04 EDTHARHarman price target raised to $118 from $96 at RW Baird
Baird raised its price target on Harman and said it remains a Top Idea following Q2 results. The firm cited its growing penetration of infotainment and rising market share, new contracts, and strong margins. Shares are Outperform rated.
News For HAR From The Last 14 Days
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March 31, 2015
06:03 EDTHARHarman acquires Bang & Olufsen Automotive car audio business for EUR145M
Harman International Industries announced it has signed an agreement to acquire Bang & Olufsen Automotive car audio business. Bang & Olufsen sound systems are available in a wide range of Audi, Aston Martin, BMW and Mercedes-Benz car models. Terms of the agreement include a purchase price of EUR145M for the Bang & Olufsen Automotive audio business, as well as license payments for an exclusive license to the Bang & Olufsen and B&O PLAY brands within the automotive industry. HARMAN will assume all Bang & Olufsen Automotive customer programs, and all Bang & Olufsen Automotive development and production resources will be transferred to HARMAN. The agreement remains subject to certain customary closing conditions, including regulatory approvals.
March 26, 2015
08:02 EDTHARHarman names 3D Systems CEO Avi Reichental to board of directors
Harman (HAR) announced that Avi N. Reichental has been elected to the company’s Board of Directors effective April 1, bringing the size of the Board to 10 directors. Reichental is President and CEO of 3D Systems (DDD).

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