Harman shareholders file class action suit to oppose Samsung acquisition deal

Last November, Samsung Electronics announced it would acquire US-based automotive and audio system maker Harman International for $8 billion. Samsung intends to tap into Harman's automotive business and incorporate its high-end audio solutions in future products.

However, Harman shareholders have now filed a class action lawsuit against the company's CEO and board, in a bid to deter the finalization of the deal. According to the shareholders, Harman International's value has been greatly depreciated, thus resulting in a an inadequate and flawed merger deal.

The ...