Deals
AuthenTec Sued by Investor Over Apple Takeover
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AuthenTec Inc., the electronic fingerprint-authentication provider that Apple Inc. is buying for $356 million, was sued by an investor who contends the price is too low.
AuthenTec directors have a duty to get the best value for shareholders and wrongly accepted Apple’s bid of $8 a share, the plaintiff, Craven Lee, said in a Delaware Chancery Court complaint made public today in Wilmington.