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

prpixel Details Discussions Posts This discussion Message User 876 posts 09-22-2007 at 12:48pm Copy Comment URL Report Comment Edit Delete It's the credit crunch. KKR didn't like the terms the bank was offering to finance the debt. In addition, KKR doesn't want to be holding a luxury manufacturer in a slowing/tightening economy.