Skip navigation.
Home
The QNX Community Portal

View topic - Leveraged buyout of QNX parent collapses

Leveraged buyout of QNX parent collapses

Read-only archive of qnx.cafe (generail discussion forum) at inn.qnx.com

Leveraged buyout of QNX parent collapses

Postby John Nagle » Sat Sep 22, 2007 8:14 pm

$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/co ... id=topnews

==

Unclear what this means for the future of QNX.

John Nagle
John Nagle
 

Re: Leveraged buyout of QNX parent collapses

Postby Igor Kovalenko » Tue Sep 25, 2007 6:33 am

Makes one wonder if the open-sourcing of QNX can be considered a "material
adverse change" ;)
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...
$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/co ... id=topnews

==

Unclear what this means for the future of QNX.

John Nagle
Igor Kovalenko
 

RE: Re: Leveraged buyout of QNX parent collapses

Postby maschoen » Thu Oct 11, 2007 3:06 pm

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.
maschoen
QNX Master
 
Posts: 2644
Joined: Wed Jun 25, 2003 5:18 pm

Re: Leveraged buyout of QNX parent collapses

Postby Kevin Stallard » Thu Oct 11, 2007 11:28 pm

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...
$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/co ... id=topnews

==

Unclear what this means for the future of QNX.

John Nagle
Kevin Stallard
 

Re: RE: Re: Leveraged buyout of QNX parent collapses

Postby maschoen » Fri Oct 12, 2007 3:54 am

Scratch that, wrong company on my part.
maschoen
QNX Master
 
Posts: 2644
Joined: Wed Jun 25, 2003 5:18 pm


Return to qnx.cafe

Who is online

Users browsing this forum: No registered users and 1 guest

cron