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Harman International and KKR (B)

Simko, Paul J., Di...

Case

Harman International and KKR (B)

Simko, Paul J.; Dickerson, Daren

C-2311 | Published April 15, 2010 | 6 pages Case

Collection: Darden School of Business

Product Details

This case provides the outcome of the scenario provided in the (A) case, C-2305, as KKR tries to get out of the deal with Harman due to its declining profit margins. At stake for KKR is the $225 termination fee. The drama abruptly ends when KKR agrees to invest in Harman after trying and failing to be able to use a MAC provision and fearing the distraction of a lengthy court battle. Harman then announces the establishment of a new management team and an expanded board.

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