Gibson Guitar Company has agreed to acquire the Baldwin Piano and
Organ Company, according to Mike Boyer of The Cincinnati Enquirer.

Gibson has agreed to buy the GE Capital Corp's right to acquire
Baldwin.  Baldwin, which sought Chapter 11 bankruptcy reorganization
on May 31, owes GE Capital about 26 million dollars.

The article went on to explain that the company's corporate staff had
been reduced to about 30.  Gibson Guitar has been trying to acquire
Baldwin since 1997.  The current owners of Gibson took over the Gibson
Guitar company when sales were less than 10 million and last year
Gibson did almost 200 million.

Don Teach