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The year in private equity

What started out as a banner year for buyout deals quickly soured when the credit crisis hit. A look at the biggest stories of the year, and what's in store for 2008.

A sweet offer for shareholders
A sweet offer for shareholders
Private equity firms devise new ways to win over increasingly resistant shareholders.

For instance, when courting Harman International Industries, Kohlberg Kravis Roberts and Goldman Sachs offer shareholders "stub equity," or an opportunity to retain a stake in the newly private company.

Harman ends up approving the $8 billion deal.

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