Sons and Daughters of BBCMF , Dow 30 With Point and Figure Charts , Dow Discussion...

[mick]

Harman says KKR and GS no longer intend to complete the previously announced acquisition of Harman (HAR) 88.80 -23.40 : Co announces that it was informed this afternoon that Kohlberg Kravis Roberts and GS Capital Partners no longer intend to complete the previously announced acquisition of Harman by a co formed by investment funds affiliated with or sponsored by K.K.R and G.S.C.P. K.K.R. and G.S.C.P have informed Harman that they believe that a material adverse change in Harman's business has occurred, that Harman has breached the merger agreement and that they are not obligated to complete the merger. Harman disagrees that a material adverse change has occurred or that it has breached the merger agreement. (Stock is halted)