Leveraged buyout of QNX parent collapses

$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

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

$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

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.

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/content/article/2007/09/21/AR2007092102351.html?hpid=topnews

==

Unclear what this means for the future of QNX.

John Nagle

Scratch that, wrong company on my part.