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ROLAND TAKES STOCK IN FENDER

Fender Musical Instruments Corporation announced the recent sale of holdings in the company. In order to reward its founding shareholders of more than

Fender Musical Instruments Corporation announced the recent sale of holdings in the company. In order to reward its founding shareholders of more than 16 years, Fender has recapitalized a minority portion of its common stock to allow for a partial payment to those who helped finance the buyout of the company from CBS in 1985.

New financial partners include Roland Corporation U.S., the Los Angeles-based musical instrument company with whom Fender has previously partnered on co-designed products, and Weston Presidio, a private equity firm based out of San Francisco.

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