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What has the arabian peninsula group announced?

April 26, 2017announced Arabian arabian peninsula group group peninsula

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What has the arabian peninsula group announced?

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Private Investment Group Arabian Peninsula Group announced today its plan to acquire Harman International Industries in a public tender offer. Mr.Donald Parker, Head Of APG’s Strategic Investments Unit announced today the details of the offer. Mr.Parker mentioned, ‘The acquisition is going to be partially shared with a South Korean partner in a joint bid . And the name of the Korean party will be announced next week from Seoul, South Korea.’ Mr.Parker added that ‘APG is willing to offer Harman International Industries shareholders $49.5 per stock.’ He added that ‘APG is going to insure compliance with all U.S. rules and regulations in such transaction.’ Read more at the link.. Sources: http://www.ameinfo.com/204291.