AKRON, Ohio (AP) -- Myers Industries Inc. said Friday private equity firm GS Capital Partners walked away from its plans to buy the rubber and plastics maker.
In April 2007, Myers agreed to a takeover by the private equity unit of Goldman Sachs Group Inc. in a deal valued at $1.1 billion.
The company did not say why the deal was scrubbed. It is the latest in a string of planned private equity buyouts that have been canceled, many because the cost of borrowing increased.
