The Fender company makes electric guitars that have become American icons. The firm is “being buffeted by powerful forces on Wall Street,” writes Janet Morrissey:
“A private investment firm, Weston Presidio, controls nearly half of the company and has been looking for an exit. It pushed to take Fender public in March, to howls in the guitar-o-sphere that Fender was selling out. But, to Fender’s embarrassment, investors balked. They were worried about the lofty price and, even more, about how Fender can keep growing.
NotionsCapital 