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Harman To Be Acquired by Investor Group

New York, NY (April 26, 2007)--The financial newswires and audio industry phone lines and e-mail servers are all abuzz today with the announcement that Harman International Industries will be acquired by a coalition of equity investors: Kohlberg Kravis Roberts and GS [Goldman-Sachs] Capital Partners. The proposed deal, worth near $8 billion to Harman shareholders, is expected to be consummated in the third quarter of 2008.