Harman International Industries, will acquire AMX LLC for only
US$365 million.We told you in December that The Duchossois Group,
Inc. would be unloading more assets (after the Milestone deal) and
we told you AMX was a possibility.The shocker here is the buyer,
Harman, an infotainment and audio group.And the price. That's
right. No stock, no other sweeties...just cash. That implies to us
that AMX was struggling with margins and profitability. Or maybe
just lower sales volumes than previously thought.