I am sure some of you are aware of this recent news item. Not sure, what, if any effect it will have on Harman or the industry but the statement that the buyers backed out due to a "material adverse change" may be a sign that Harman is in trouble or it could be just a pretense for backing out of the deal due to changing market conditions. I suppose in the long run it might be good that Harman did not go into the hands of one of these investment groups who have a tendency to break up companies and sell them off piece by piece.

From wire reports...
"Harman International (HAR) said that KKR and Goldman's GS Capital Partners VI Fund LP don't intend to complete an $8 billion leveraged buyout of the stereo and audio equipment maker. The companies said they believe there was a "material adverse change" in Harman's business, and that Harman breached the merger agreement. Harman said it disagrees. According to the merger agreement, KKR and Goldman are required to pay a $225 million termination fee for calling the deal off."