Fender Musical Instruments
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Fender Musical Instruments
The Fender Musical Instruments Corporation (FMIC, or simply Fender) is an American manufacturer of instruments and amplifiers. Fender produces acoustic guitars, bass amplifiers and public address equipment, however it is best known for its solid-body electric guitars and bass guitars, particularly the Stratocaster, Telecaster, Jaguar, Jazzmaster, Precision Bass, and the Jazz Bass. The company was founded in Fullerton, California by Clarence Leonidas "Leo" Fender in 1946. Its headquarters are in Los Angeles, California. The FMIC is a privately held corporation, with Andy Mooney serving as the Chief Executive Officer (CEO). The company filed for an initial public offering in March 2012, but this was withdrawn five months later. In addition to its Los Angeles headquarters, Fender has manufacturing facilities in Corona, California (US) and Ensenada, Baja California (Mexico). As of July 10, 2012, the majority shareholders of Fender were the private equity firm of Weston Presidio ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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