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Benzinga
Benzinga
Business
Wayne Duggan

This Day In Market History: The First Modern Leveraged Buyout

KKR

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.

What Happened? On May 4, 1979, KKR & Co. L.P. Unit (NYSE:KKR) completed the first modern leveraged buyout of a public company, taking over manufacturer Houdaille Industries for $355 million.

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