Murder by credit crisis: busted deals

A spate of big mergers announced in the first half of 2007, including three planned by Cerberus, died after the markets froze in August.

Harman International Industries
Harman International Industries
Buyer: KKR and GS Capital Partners
Acquisition price (including net debt assumed): $8.2 billion
Reason given for termination: Buyers said Harman suffered a material adverse effect. Parties reached a compromise in October.
Sources: Thomson Financial; Fortune Research
Last updated January 23 2008: 9:22 AM ET
SLM (Sallie Mae) Harman International Industries Affiliated Computer Services Radian Group United Rentals Acxiom PHH Option One Mortgage
An old hand in a strange new world In the heat of the private equity boom, the octogenarian audio pioneer Sidney Harman agreed to sell his company to KKR and Goldman Sachs. Then they ditched him. Now he has a stock worth one-third of what it was. A tale from the dark side. (more)