RHJ Could Unload D&M Shares (UPDATED)
Reuters reported today that RHJ International, an investment fund, plans to dump its roughly 49 percent stake in D&M Holdings, parent company of Denon, Marantz and McIntosh. Reuters said it based its report on three financial sources familiar with the matter.
D&M has a market value of about $265 million, which would put RHJ’s stake in the company at about $130 million, Reuters reported.
“RHJ is likely to auction D&M, as a number of funds are expressing interest in the deal,” Reuters quoted one source whom the news agency said was briefed on the deal.