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KKR Abandons Harman Buyout

Suitor cites 'material adverse change' in target's performance

By Nick McMaster,  Newser Staff

Posted Sep 21, 2007 6:39 PM CDT

(Newser) – Kohlberg Kravis Roberts and Goldman Sachs today called off their deal to buy out audio giant Harman International for $8 billion. The firms announced that a "material adverse change in Harman's business has occurred,'' one of the limited circumstances in which they could...   Read full story »

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