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Leveraged buyout of QNX parent collapses
OpenQNX Forum Index » General » QNX Newsgroups » qnx.cafe
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John Nagle
Post subject: Leveraged buyout of QNX parent collapses  PostPosted: Sep 22, 2007 - 08:14 PM
Guest
$8 Billion Buyout of D.C. Firm Collapses
Biggest Deal to End Since Credit Crisis

By David Cho
Washington Post Staff Writer
Saturday, September 22, 2007; Page A01

The $8 billion buyout of audio-equipment maker Harman International Industries
collapsed yesterday, the first major private-equity deal to unravel since the
current credit turmoil began and a sobering sign for other big takeovers in the
works.

http://www.washingtonpost.com/wp-dyn/content/article/2007/09/21/AR2007092102351.html?hpid=topnews

==

Unclear what this means for the future of QNX.

John Nagle
 
   
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Igor Kovalenko
Post subject: Re: Leveraged buyout of QNX parent collapses  PostPosted: Sep 25, 2007 - 06:33 AM
Guest
Makes one wonder if the open-sourcing of QNX can be considered a "material
adverse change" Wink
I was kind of surprized for this step to happen before the Harman deal was
closed.

"John Nagle" <nagle@downside.com> wrote in message
news:fd3rsf$hkd$1@inn.qnx.com...
Quote:
$8 Billion Buyout of D.C. Firm Collapses
Biggest Deal to End Since Credit Crisis

By David Cho
Washington Post Staff Writer
Saturday, September 22, 2007; Page A01

The $8 billion buyout of audio-equipment maker Harman International
Industries collapsed yesterday, the first major private-equity deal to
unravel since the current credit turmoil began and a sobering sign for
other big takeovers in the works.

http://www.washingtonpost.com/wp-dyn/content/article/2007/09/21/AR2007092102351.html?hpid=topnews

==

Unclear what this means for the future of QNX.

John Nagle
 
   
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maschoen
Post subject: RE: Re: Leveraged buyout of QNX parent collapses  PostPosted: Oct 11, 2007 - 03:06 PM
QNX Master


Joined: Jun 25, 2003
Posts: 1099
There's something a little odd about this. I monitor Harmon's price as I own a small number of shares. Up until now, I've not heard anything at all about this. I took a look at a stock price chart, and can find no %27 dip over the last month. Also, stock owners usually get some kind of written notice before a buyout occurs, and I've seen nothing.

As far as QNX is concerned, unless Harmon got into deep trouble, or was bought out by someone who wanted to take it apart, I don't think they would even flinch up in Ottawa.
 
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Kevin Stallard
Post subject: Re: Leveraged buyout of QNX parent collapses  PostPosted: Oct 11, 2007 - 11:28 PM
Guest
Their stock is still over $80 a share. Net income over 200 million, unless
there is something lurking in the shadows that we don't know about, they
seem healthy to me....

Kevin

"John Nagle" <nagle@downside.com> wrote in message
news:fd3rsf$hkd$1@inn.qnx.com...
Quote:
$8 Billion Buyout of D.C. Firm Collapses
Biggest Deal to End Since Credit Crisis

By David Cho
Washington Post Staff Writer
Saturday, September 22, 2007; Page A01

The $8 billion buyout of audio-equipment maker Harman International
Industries collapsed yesterday, the first major private-equity deal to
unravel since the current credit turmoil began and a sobering sign for
other big takeovers in the works.

http://www.washingtonpost.com/wp-dyn/content/article/2007/09/21/AR2007092102351.html?hpid=topnews

==

Unclear what this means for the future of QNX.

John Nagle
 
   
Reply with quote Back to top
maschoen
Post subject: Re: RE: Re: Leveraged buyout of QNX parent collapses  PostPosted: Oct 12, 2007 - 03:54 AM
QNX Master


Joined: Jun 25, 2003
Posts: 1099
Scratch that, wrong company on my part.
 
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