Klarinet Archive - Posting 000091.txt from 2006/11

From: "Mattera, Alex" <AMattera@-----.com>
Subj: RE: [kl] Guitar Center to buy The Woodwind & The Brasswind
Date: Mon, 27 Nov 2006 09:40:51 -0500

Wow! As a commercial bankruptcy lawyer, and a clarinetist, that's news!

-----Original Message-----
From: Mark Charette [mailto:charette@-----.org]=20
Sent: Wednesday, November 22, 2006 8:12 PM
To: Klarinet@-----.org
Subject: [kl] Guitar Center to buy The Woodwind & The Brasswind

http://www.bizjournals.com/losangeles/stories/2006/11/20/daily27.html

"Guitar Center Inc. has signed an asset purchase agreement to buy=20
substantially all of the assets of The Woodwind & The Brasswind through=20
its bankruptcy, the company said Wednesday.

Under the agreement, which is subject to bankruptcy court approval and=20
overbid at a bankruptcy auction expected in January 2007, Guitar Center=20
will buy The Woodwind & The Brasswind's inventory of band and orchestra=20
and combo instruments, accounts receivable, trade names and certain=20
other intangible assets. Terms of the transaction were not disclosed.

The Woodwind & The Brasswind filed for bankruptcy protection in Indiana=20
on Nov. 21, 2006. The proposed asset acquisition was entered into by=20
Guitar Center's Musician's Friend subsidiary. Only very limited trade=20
obligations and other pre-petition liabilities of The Woodwind & The=20
Brasswind are being assumed, Guitar Center said."

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