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Originally Posted by pwalker8
And some readers murder people. It doesn't follow that all readers are bad. Sigh.
Companies are bought and sold for many, many reasons. Sometimes the only thing one can do with a failing company is close it and sell off the assets. If Overdrive is successful, odds are that is not going to be it's fate.
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Leveraged buyouts are often what make companies fail. And often it's done on purpose and it's a slimy practice of putting profits before people. It's so obnoxious that it's outlawed in other countries, like England. The U.S., on the other hand, seems to embrace these vultures.
KKR was involved in some slimy dealing. Not quite as slimy as some of the others, however, like Elliot & Associates. Whether KKR is reformed now, or not, I don't know but any time an equity firm gets their talons into one of your favorite companies it's time to start worrying about that company's future.