Guitar Center completes $2.1 billion merger with Bain Capital affiliates

By Devika Patel

Knoxville, Tenn., Oct. 9 - Guitar Center, Inc. announced it completed a $2.1 billion merger with affiliates of Bain Capital Partners, LLC.

As a result of this deal, Guitar Center's common stock stopped trading on Nasdaq when the market closed on Tuesday.

As previously reported, the June 27 merger agreement gives Guitar Center stockholders $63 cash per share.

Mellon Investor Services, LLC, the paying agent for the transaction, will send information to Guitar Center stockholders, explaining how they can surrender their shares for cash.

Guitar Center, a musical instrument and recording equipment retailer based in Westlake Village, Calif., now is wholly owned by VH Acquisition Co, Inc.

Bain Capital is a Boston-based private investment firm.

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