Wednesday, 9. June 2004
Topic: MUSIK - on June 9, 2004 at 3:59:00 PM CEST
Fender sale value put at up to $500m
Thirty-seven years after Jimi Hendrix immortalised the Fender guitar by setting fire to one at the 1967 Monterey Pop Festival, the musical instruments company is up for sale in a deal that could be valued at up to $500m.
Fender is understood to have appointed Goldman Sachs to look at selling the business, which is expected to be put into a competitive auction.
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