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Apple's AuthenTec purchase already under investigation

07/27, 9:46pm

Board of directors of AuthenTec accused of price manipulation

Following Apple's announcement yesterday of its $356 million acquisition of biometrics and near-field communications company AuthenTec, two law firms are investigating the acquired company's board of directors for potential public undervaluations prior to its sale to Apple. Even the allegation of such impropriety could delay the acquisition of the company, according to federal rules. Neither company has released a statement on the accusations.

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