On November 21, 2006, Woodwind & Brasswind filed for bankruptcy protection, as the unfavorable verdict caused the company to default on various loans and payable accounts.^[2] The bankruptcy was caused by the verdict of an ongoing legal battle with the previous owners of Zapf’s Music Store initiated by their dismissal.

On November 28, 2006, Guitar Center offered $37.1M for the purchase of Woodwind & Brasswind.^[3] A few weeks later on December 6, Steinway Musical Instruments offered $40.1M for acquisition.

On January 16, 2007, Steinway announced on its Investor Relations page^[4] its intention to terminate its asset purchase agreement with Dennis Bamber Inc. d/b/a/ Woodwind and Brasswind.

Guitar Center purchased the assets of Dennis Bamber, Inc., D/B/A The Woodwind & The Brasswind in an agreement dated January 30, 2007. USSEC Form 8-K for Guitar Center, Inc., January 30, 2007

Same Day Music, Zzounds and American Musical