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KKR, Goldman Sachs back out of Harman deal

Published on Mon, Sep 24, 2007 at 09:34 |  Source : Moneycontrol.com

Updated at Mon, Sep 24, 2007 at 13:21  

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Kohlberg Kravis Roberts and Goldman Sachs ' private equity unit have backed out of their USD 8 billion buyout of upscale audio equipment maker Harman International Industries . This makes it the latest in a string of such deals to run into trouble amid tightening global credit conditions.

  

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