Harman/Levinson/Proceed/Lexicon/Revel/ Deal Busted

Two Private Equity Firms Back Out of $8 Billion Buyout of Audio Equipment Maker Harman International.

http://biz.yahoo.com/ap/070921/harman_buyout.html?.v=20

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sugarbrie09-22-2007 12:49am

t_bone Details Discussions Posts This discussion Message User 1,182 posts 09-23-2007 at 11:10pm Copy Comment URL Report Comment Edit Delete Onhwy61, KKR is up there. I recently attended a presentation where a KKR country-head spoke and his intro said something to that effect (something like $100bn+ in revenues and 250,000 employees across all "portfolio companies").
t_bone Details Discussions Posts This discussion Message User 1,182 posts 09-25-2007 at 11:20am Copy Comment URL Report Comment Edit Delete Well, forecasts for Q1 next year are out, look horrible, and the would-have-been buyers have decided to pay their $225mil to walk away. Now it is a matter of whether Mr. Harman and board want to take them to court...
stevethe4th Details Discussions Posts This discussion Message User 37 posts 11-13-2007 at 06:08pm Copy Comment URL Report Comment Edit Delete this deal simply fell through because the investment firms would not make enough $$$$$$$$ read between the lines here...if it would be highly profitable, they would have followed through with the deal FOLLOW THE MONEY !!