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.

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On his solo debut, the Nashville session wizard discovers his own musical personality in a soundtrack for a movie that wasn’t, with stops in Africa and Mississippi hill country.

Kenny Greenberg has been Nashville’s secret weapon for decades. He’s the guitarist many insiders credit with giving the Nashville sound the rock ’n’ roll edge that’s become de rigueur for big country records since the ’90s. It’s the sound that, in many ways, delivered country music from its roots to sporting events.

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The hot picker recalls receiving a mix CD of must-know guitarists and the Grammy-winning track was the one that "hit him like a ton of bricks."

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