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D&M Rumor-Fest: Who’s Next?
April 11, 2008
Private-equity companies Bain Capital and Advantage Partners are the latest companies said to be interested in buying the 49 percent stake in D&M Holdings owned by RHJ International, according to reports from Reuters and Bloomberg quoting anonymous sources. Reports also contend that Merrill Lynch, in partnership with a major retailer outside Japan, is also interested.
That follows reports that Harman International has also been poking its nose into D&M’s books. Now that I can understand. Here’s an opportunity to peek into a competitor’s books. But what do private investment companies see in a group of companies invested in a difficult home audio market and in OEM car audio at a time when auto sales are falling and the world economy is treading water?
A good price?
D&M Holdings is principally owned by RHJI and Philips, which owns 12 percent of the shares of the publicly traded company.
Posted by Joseph Palenchar on April 11, 2008 | Comments (0)
