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General Asylum General audio topics that don't fit into specific categories. |
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In Reply to: Harman International to be Sold to KKR/Goldman Sachs posted by bondmanp on April 26, 2007 at 06:15:41:
Interesting. The Wall Street Journal has had a number of articles describing the tactics of these private equity buy-out firms. First, they load the acquired company with huge debt, which they then take for themselves as a "dividend," often amounting to a significant fraction of the company value. This provides a large instant return.I also understand thaqt the acquired company will be overrun by bright young MBA's and more experienced hired guns who will cut costs, employee benefits, and rrevise pension plans.
Good luck, Harman.
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Follow Ups
- Re: Harman International to be Sold to KKR/Goldman Sachs - FrankF 17:55:12 04/26/07 (6)
- Re: Harman International to be Sold to KKR/Goldman Sachs - John Atkinson 03:43:35 04/27/07 (5)
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- Re: JA, so who's the front runner on buying Primedia's Magz Div? [nt] - John Atkinson 08:57:08 04/27/07 (3)
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