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Guitar Center Purchase Clears Another Hurdle

Feds Approve Buyout

Washington, DC. (July 23, 2007) - The $1.9 billion purchase of Guitar Center Inc. by Bain Capital Partners LLC has been cleared by federal regulators. The deal was on a list of antitrust reviews that received an "early termination" today by the Federal Trade Commission, meaning the review was completed before the end of a 30-day waiting period specified by law. Bain and Guitar Center expect to close the deal in the fourth quarter.

Guitar Center is based in Westlake Village, CA, and operates over 210 stores. The company posted $2 billion in revenue in 2006. Bain is based in Boston, MA and manages about $40 billion in assets.

Two pending lawsuits are challenging the fairness of the acquisition, which nets shareholders a 26 percent premium.

Two Iconic Titans of Rock & Metal Join Forces for a Can’t-Miss North American Trek

Tickets Available Starting Wednesday, April 16 with Artist Presales

General On Sale Begins Friday, April 18 at 10AM Local on LiveNation.com

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Jackson's new Pro Series Signature Misha Mansoor Juggernaut guitars, including the HT6 and ET6 models, are designed for classic and progressive metal players. Featuring premium construction, innovative pickups, and advanced bridge options, these guitars deliver the modern sound and performance needed to ignite your tone. Visit jacksonguitars.com for more information.

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ā€œThe Archon Classic is not a reissue of the original Archon, but a newly voiced circuit with the lead channel excelling in ’70s and ’80s rock tones and a hotter clean channel able to go into breakup. This is the answer for those wanting an Archon with a hotrod vintage lead channel gain structure without changing preamp tube types and a juiced up clean channel without having to use a boost pedal, all wrapped up in a retro-inspired cabinet design." - Doug Sewell, PRS Amp Designer

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Fender Musical Instruments Corporation (FMIC) today announces the launch of the Player II Modified — a bold expansion of its Player II series. Featuring select electric guitar and bass models enhanced with performance-driven upgrades, Player II Modified offers modern players refined tone, performance, and style straight out of the box. As an extension of the best-selling guitar series in Fender’s nearly 80-year history, Player II Modified builds on this legacy with expanded tonal versatility, elevated playability, and modern enhancements that meet the needs of a new generation of players.

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