Top 10 Worst Biz Deals
Visitors of the exhibition stand for Harman Kardon at a consumer electronics fair in Berlin.
Sipa
#6. KKR and Goldman Sachs Break Up with Harman
Private equity shop Kohlberg Kravis Roberts & Co. and Goldman Sachs Group's private equity unit pulled out of their $8 billion offer to buy high-end audio equipment manufacturer Harman Industries International, claiming a "material adverse change" in Harman's business. Harman's stock plummeted more than 20%.
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