Guitar Center Bought Out
It will be acquired for $63 a share.
Guitar Center
(GTRC)
reached a deal to be acquired by affiliates of Bain Capital Partners, a private investment firm.
The total transaction value, including assumed debt, is roughly $2.1 billion.
Under the terms of the agreement, stockholders will receive $63 in cash for each share of Guitar Center, a 26% premium over the $50.06 last closing price.
