以下是引用ben07jiang在2008-11-14 15:51:34的发言：
ＡＫＧ，ＪＢＬ等大牌在 Harman的屋檐下，
加快了生产中国化，已经没有了往日音乐巨头的那般傲气，
更多的是体现出＂唯利是图＂的赤裸
如今又被投资公司瓜分，，呵呵．．
ＡＫＧ还会是ＡＫＧ吗？
ＪＢＬ还会是ＪＢＬ吗？
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近日，美国Harman国际宣布，公司已经同意由两家投资企业KKR和GSCP出资80亿美元收购。
两家投资公司将以每股120美元的价格收购Harman所有普通股，公司董事会已经一致通过了这一决议。收购将在今年第三季度完成，收购后的公司名称不变，创始人Sidney Harman博士将继续担任新公司的执行主席。
Harman是世界著名的音响器材生产企业，旗下品牌有笔记本电脑上经常可见的Harman Kardon，以及JBL，Mark Levinson，Infinity和AKG等。公司还为英国皇家爱尔伯特音乐厅及全球影剧院提供音响器材，以及为雷克萨斯、保时捷、奔驰等汽车品牌提供车载音响。
消息来源：
http://info.audio.hc360.com/2007/05/08101042216.shtml | |
[此贴子已经被作者于2008-11-14 15:58:05编辑过]
Harman International To Be Acquired by Goldman Sachs and KKR for
$8 Billion
By Wes Phillips
April 28, 2007
— Harman International
Industries, Inc has agreed to be acquired by Goldman Sachs Capital Partners
(GSCP) and Kohlberg Kravis Roberts & Co. (KKR) for a price of $120 per share
(a total near $8 billion). The share price represents what
Bloomberg.com
characterized as a 17% premium over its price one day earlier. The company's
stock had been increasing in value, having risen by about 2.6% since the
beginning of 2007, but beginning April 18, the stock began to surge, "indicating
some investors anticipated the buyout," according to
Bloomberg. John
Rogers, a Citigroup analyst, had predicted in February that Harman was choice
for acquisition, estimating that private equity buyers could pay a premium of
20% over its share price and still see annual returns of 20%.
An interesting aspect of the sale is that shareholders can be paid in shares
of the new company incorporated by KKR/GSCP, a practice known as stub-equity.
The attraction is that the shareholders will then benefit from the profits of
future sales of the company, or the profits from its being publicly offered.
Harman will entertain offers until June 15, paying KKR/GSCP a $75 million
break-up fee if it accepts a better offer. Some stock analysts doubt that a
higher price will be forthcoming, although Standard & Poor's James Peters
predicted other bidders will emerge.
In 1953, Dr. Sidney Harman and Bernard Kardon founded Harman/Kardon, offering
a FM tuner; in 1954, the company introduced the world's first receiver,
combining a tuner with a preamplifier and power amplifier. That was before
stereo, of course, but in 1958, HK sold the first stereo receiver brought to
market. Over the years, the company began acquiring other audio brands,
including JBL, Infinity, Revel, Lexicon, AKG, and Mark Levinson.
More recently, as much as two-thirds of the firm's revenue has been generated
from its Harman Automotive division, which manufactures voice-activated
controls, audio systems, integrated cell phones, GPS, and backseat entertainment
systems for DaimlerChrysler, the BMW Group, Toyota/Lexus, Audi, Porsche, Land
Rover, Renault, Hyundai, Kia, the PSA Group, and Volvo.
According to one audio industry observer, our indefatigable "Deep Throat,"
the appeal of Harman to Wall Street is its automotive arm. "Consumer
audio brands are unpredictable—their sales go up and down. The pro market is
stable and solid, but not really growing." Automotive OEM, he said, exerts a
"unique attraction to other large companies, unlike consumer brands or pro
audio."
His prediction? "This may be the time for things to be broken up and
eventually sold for more than the $8 billion now being paid."
Disclaimer: KKR is a major shareholder in Primedia, and Primedia has
retained Goldman Sachs to manage the sale of Primedia Enthusiast Media, which
includes Stereophile magazine.
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Post By：2008-5-22 14:33:16 [显示全部帖子]
