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The Wall Street Journal reported this morning that the buyers were “balking” at going through with the transaction. But the source said neither KKR nor Goldman have any interest in trying to win more favorable deal terms. “They’re no longer comfortable with [the deal],” the source said. The source declined to identify the reason for the pullout but emphasized that it did not involve problems with debt financing. There were rumors Friday that Harman had lost some or all of its contract with Mercedes-Benz, Harman’s number one customer, accounting for about 25% of Harman’s nearly $3.6 billion in net sales. In its most recent 10-K, Harman said that “the loss of sales to DaimlerChrysler LLC would “have a material adverse effect on our consolidated sales, earning and financial position.” KKR and Goldman declined to comment, and a Harman spokesman did not return calls. —Vipal Monga, David Carey, John E. Morris See updated Dealscape post - Sept. 21 Tags: private equity, Harman International CategoriesPrivate capital video
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Trading in Harman International Industries Inc. shares was halted Friday, and KKR and Goldman Sachs Capital Partners 
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