Apple’s AuthenTec Deal May Dissuade Rival Bids

Shares of AuthenTec Inc., traded past the $8 that Apple Inc. agreed to pay for the maker of fingerprint-scanning technology on July 27.

Apple’s offer represented a 71 percent premium to the Florida company’s 20-day average price. Traders speculated it may not be enough as AuthenTec rose 66 percent, closing at $8.42 last week in New York, a 0.42 percent negative spread to the offer, after climbing as high as $8.83 earlier in the day.

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