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Harman International (HAR) : Cramer sat down with Dinesh Paliwal, chairman and CEO of Harman International (HAR) , the auto infotainment maker that today announced it is being acquired by Samsung (SSNLF) for $112 a share -- a 25% premium from where shares opened for trading.
Paliwal said that the technological transformation in cars continues and in today's market, scale matters. When Harman began talking to Samsung, he said, there were so many complementary technologies being developed, from 5G connectivity and high-resolution displays to speech recognition, and there was hardly any overlap.
Under the terms of the deal, Harman will retain its headquarters and its management team, acting as a subsidiary of Samsung. This gives Harman deep research and development resources, Paliwal added.
Harman is not standing still, as the company has doubled down on cyber security, acquiring another company to help keep its products secure. Cyber attacks can happen to your home, your car or your devices, he said, and Harman takes the challenge seriously.
Cramer's bottom line, "Paliwal saw a lot of things coming and got a lot of things right."
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