Guitar Center, Inc. Announces Completion of $2.1 Billion Merger with Affiliates of Bain Capital
There are 2 comments on the Business Wire story from Oct 9, 2007, titled Guitar Center, Inc. Announces Completion of $2.1 Billion Merger with Affiliates of Bain Capital. In it, Business Wire reports that:
Guitar Center, Inc. today announced the completion of its merger with affiliates of Bain Capital Partners, LLC. via Business Wire
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#1 Oct 10, 2007
my guess is the future with Bain Capital will include higher pricing for better net returns and lowered expenses in payrolls and earnings for employees. I wonder which divisions will see the first cuts?
#2 Oct 15, 2007
No question that the company will be made to look more profitable in the short term thru cutting operation costs, that will amount to removing real value from the company. GC execs will experience profits from sale of preowned stock and make a quick exit to let the comany flounder in the hands of new personel who know nothing about running a music company and feel that all businesses are the same. Having watched this process occur at Brook Mays and their ensuing bankruptcy, I feel sure future investors are in for a very rough ride.
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