Apple acquires AuthenTec, Inc.

Apple acquired AuthenTec, Inc. for $8.00 per share in cash, a transaction announced in July 2012, structured as all cash (merger).

AuthenTec, Inc. operates in Security / fingerprint sensor technology, is based in Melbourne, Florida, USA. Apple entered a definitive merger agreement to acquire AuthenTec, a publicly traded (NASDAQ) developer of fingerprint-sensor and identity-management security technology, for $8.00 per share in cash. The joint materials described a 56.9% premium to AuthenTec's prior-day close and a targeted close in the third calendar quarter of 2012, subject to regulatory and shareholder approval. AuthenTec declined to characterize Apple's intended use of the business.

Terms and structure were disclosed via AuthenTec's SEC merger filings; Apple, per its practice, did not publicly detail its strategic purpose for the acquisition.

Apple and AuthenTec have entered into a definitive merger agreement under which Apple will acquire AuthenTec for $8.00 per share.AuthenTec investor Q&A (Exhibit 99.1 to AuthenTec Form 8-K, July 27, 2012)

Advisory firms were not disclosed for this transaction.

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