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Not sure why they did it. Can’t be for an investment, they only pay like one cent dividends per stock; even if that. Must be something Gibson is working on and needs the tech know how.
Gibson Guitar GIBSN.UL, known for producing electric guitars used legendary rock guitarists such as Jimmy Page and Jeff Beck, said on Friday that it was buying a majority share in Japanese audio equipment manufacturer TEAC Corp (6803.T) for 4.88 billion yen ($51.9 million).
Nashville-based Gibson, which will pay 31 yen per share for TEAC, said the deal would add “Cool Japan” engineering technology into the music and audio lifestyle arena into which it is diversifying.
Gibson said it will purchase 54.4 percent of TEAC’s outstanding shares from funds operated by Phoenix Capital.
The melody of the notes is what expresses the art of music . 🙂 6stringerPete
It really is all about ”melody”. The melody comes from a language from our heart. Our heart is the muscle in music harmony. The melody is the sweetness that it pumps into our musical thoughts on the fretboard. 🙂 6 stringer Pete
Pete
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