Harman International to be Acquired by KKR and GS Capital
Washington - Apr 26, 2007 - Harman International Industries has entered into an agreement to be acquired by affiliates of Kohlberg Kravis Roberts and GS Capital Partners in a transaction valued at about $8 billion. The transaction was unanimously approved by the Harman board of directors, following the recommendation of a special committee of independent directors. KKR initiated discussions with Harman and structured the transaction so that current Harman stockholders have the opportunity to participate in the future upside potential of the enterprise. The company will continue to be named Harman International Industries and Dr. Sidney Harman, founder and executive chairman, will remain executive chairman.
Harman International Industries is the parent company of Harman Kardon, JBL, AKG, Studer, Mark Levinson, Infinity and other companies in the professional and high-end consumer electronics industries.
Acceptable Use Policy blog comments powered by Disqus
[an error occurred while processing this directive]
Today in Radio History
The history of radio broadcasting extends beyond the work of a few famous inventors.
EAS Information More on EAS
The feed provides feeds for all US states and territories.
Need a calendar for your computer desktop? Use one of ours.
Information from manufacturers and associations about industry news, products, technology and business announcements.
Staying on-air is priority #1, but 100 percent redundancy comes at a cost.
Browse Back Issues[an error occurred while processing this directive]
Also in the November Issue
- Music is Everywhere at WTMD
- FCC Looks to Update RF Exposure Rules
- Government Shutdown Causes FCC Delays
- Applied Technology: Wheatstone baseband192
- Side by Side: Video Cameras
- Exploring More from Google Earth
- The History of W9BSP