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VOL. 123 | NO. 14 | Tuesday, January 22, 2008

Gibson Guitar Merging With Danish Audio Company TC Group

AP

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NASHVILLE (AP) - Gibson Guitar Corp. will be merging with TC Group, a Danish company that makes audio equipment for professionals and musicians.

Officials with the companies announced the plans at a trade show in California on Friday.

Gibson Chairman and CEO Henry Juszkiewicz and TC Group CEO Anders Fauerskov says the merger brings together two powerful brands in music.

Fauerskov will become the new chief operating officer for the company, and he will remain based in Risskov, Denmark.

A news release from the companies did not say whether the company's headquarters would move from Gibson's current location in Nashville or whether there would be job cuts in Tennessee.

A spokeswoman was not immediately available for comment.

Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 81 201 16,108
MORTGAGES 40 104 10,026
FORECLOSURE NOTICES 0 8 1,417
BUILDING PERMITS 130 336 38,272
BANKRUPTCIES 28 56 7,528
BUSINESS LICENSES 11 24 2,777
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0