Three deals falling apart?

We've speculated a bit about deals actually being scuttled, not merely renegotiated. There are at least three deals that are raising brows now. News reports say that Kohlberg Kravis Roberts and Goldman Sachs are ready to walk away from the $8 billion deal for Harmon International, invoking the material adverse change clause. Sallie Mae is also said to be in intense talks with its private equity buyers. Financial News Online says that Sallie Mae is sticking to the original price. A $900 million break-up fee could be triggered. Finally, Genesco is suing to compel Finish Line to complete a planned $1.5 billion buyout. Finish Line also invoked the material adverse change clause.

For more:
- here's a New York Times article
- here's more on Sallie Mae from Financial News Online