Published on Mon, Sep 24, 2007 at 09:34 | Source : Moneycontrol.com
Updated at Mon, Sep 24, 2007 at 13:21
Like this story, share it with millions of investors on M3
0
Like this story, share it with millions of investors on M3
KKR, Goldman Sachs back out of Harman deal
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.
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.