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Guitar Center, Inc. Announces Completion of $2.1 Billion Merger with Affiliates of Bain Capital.

Publication: Business Wire
Publication Date: 09-OCT-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
WESTLAKE VILLAGE, Calif. -- Guitar Center, Inc. (Nasdaq: GTRC) today announced the completion of its merger with affiliates of Bain Capital Partners, LLC.

On June 27, 2007, Guitar Center entered into a merger agreement with affiliates of Bain Capital which called for Guitar Center stockholders to receive $63.00 in cash, without interest, for each share of Guitar Center common stock held. The transaction was approved by Guitar Center's stockholders on September 18, 2007. The total transaction is valued at approximately $2.1 billion, including the assumption of debt.

As a result of this transaction, Guitar Center's common stock will cease to...



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