Bain Capital Partners Purchases Guitar Center for $1.9 Billion
Guitar Center has agreed to be acquired for $1.9 billion by Bain Capital Partners, LLC, a global private investment firm. The total transaction value, including assumed debt, is approximately $2.1 billion. Under the agreement, stockholders will receive $63.00 per share of Guitar Center stock — a 26 percent premium over the $50.06 that the retailer’s shares closed at yesterday on June 26, 2007. In early trading following...
Stanton’s Dorwart Misfires With Cartridge Facelift
For some reason, Stanton DJ has decided to spend a load of their development and marketing dollars on restyled DJ cartridges. This is yet another shining example of why we are critical of this concern and believe the company is mismanaged. Instead of spending their money to develop a new cartridge, or another innovative product, the concern has made the decision to retool the molds and incorporate their tired on/off logo into the...
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