"The principal purpose for the buyout is to ensure the reissuance of Freddie McCoy's Prestige recordings." It should be so anyway.
The bit I thought was interesting was:
The acquisition is being made on behalf of funds managed by Wood Creek and an individual investors group that includes members of Concord's senior management and music industry veterans Steve Smith, a principal in Bicycle Music, and Scott Pascucci, a former head of Rhino Entertainment.
So this is, in part, a management buyout, plus a couple of old heavies, one of whom was in the reissue business, plus the usual suits.
Well, we'll see.
MG