Fender Corporation-For sale?

[slayer]

I just heard over on the Carvin Forum, that Fender will be going up for sale soon. Any truth to that? I also heard that it will be about $500,000,000.00 Wow!! Are they in trouble, or just a nasty rumer? Thanks-Jack.

[pitboss]

Re: Fender Corporation-For sale?

Sounds like bad poop to me.

[pitboss]

Re: Fender Corporation-For sale?

I read the other thread. Maybe there is something to it ...

[desmauler]

Re: Fender Corporation-For sale?

official reply by FMIC through HC, nope
i guess its all rumor

[diospada]

Re: Fender Corporation-For sale?

yup, 100% rumor, from the HC news

[Jim Shine]

Re: Fender Corporation-For sale?

Here is a more reliable source:
The link

Turns out Chris Greene was speaking more or less about the current relationship withe Fender and the FDP, not so much about the sale. Kinda strange he decided to post this message in the Fender for sale thread over there.

[RacerX]

Re: Fender Corporation-For sale?

Originally posted by slayer:
rumer

<font size="2" face="Verdana, Helvetica, sans-serif">

[PowerTube]

Re: Fender Corporation-For sale?

I can't believe nobody has posted a snopes.com article about it yet!
[img]images/icons/grin.gif[/img]

[Tooling]

Re: Fender Corporation-For sale?

While it may be rumor...buy 'em now folks. We KNOW there good now..the general concensus is they have improved which is a rare occurence.

[ZeNo]

Re: Fender Corporation-For sale?

i've read the same story in my local newspaper.. perhaps its true

[ROCKPRO]

Re: Fender Corporation-For sale?

[img]graemlins/band.gif[/img] [img]graemlins/bs.gif[/img] [img]graemlins/bs.gif[/img] [img]graemlins/bs.gif[/img]

[1959burst]

Re: Fender Corporation-For sale?

Fender Musical Denies Reports It Is for Sale
Wed Jun 9, 2004 06:11 PM ET

NEW YORK (Reuters) - Fender Musical Instruments Crop., a maker of guitars for generations of rock legends, said on Wednesday that contrary to media reports it has not placed itself up for sale.
Media organizations, including Reuters, said earlier Wednesday the firm had hired Goldman Sachs to find a buyer for the company, quoting sources close to the situation. But company Chairman and Chief Executive Bill Schultz disputed the stories.

"I want to make sure you hear this straight from me; this article is completely erroneous and FMIC is not for sale," Schultz said in a statement. "From time to time FMIC conducts a valuation process to determine the current financial state of the company. This is something it has done over the years and something it will continue to do."

© Reuters 2004. All Rights Reserved.