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Share: Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 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. Where The Market Was: The Dow finished the day at 847.57. The S&P 500 traded at 100.69. What Else Was Going On In The World? In 1979, Michael Jackson released his breakthrough solo album “Off The Wall.” The Entertainment and Sports Programming Network ESPN launched on cable television. The year-end U.S. Federal Reserve interest rate was 15.25%.

Michael jacksonTube investments groupHoudaille industriesSports programming networkMarket wasElse was going on in theLeveraged buyoutInvestments groupமைக்கேல் ஜாக்சன்குழாய் முதலீடுகள் குழுவிளையாட்டு ப்ரோக்ராமிஂக் வலைப்பின்னல்சந்தை இருந்ததுவேறு இருந்தது போகிறது ஆன் இல் திமுதலீடுகள் குழு