Reported Guitar Center sale might be same old song

SOUR NOTES—Ares Management LLC, a Los Angeles investment adviser, is in negotiations to take over Guitar Center Holdings Inc. from its private equity owners Bain Capital LLC. The music store denies reports that the company may seek bankruptcy.
Saddled with more than $1.6 billion in debt, Westlake Village based Guitar Center may be on the selling block again.
According to a Wall Street Journal report, Ares Management LLC, a Los Angeles investment adviser that owns a large part of the music ...

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