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Roland Corp to Sell United States-based Subsidiary


Monday, 23 Sep 2013 07:40pm EDT 

Roland Corp announced that it has signed a basic agreement with Gibson Brands, Inc., on the selling of shares of Cakewalk,Inc., which is a United States-based subsidiary of the Company engaged in the development, manufacturing and sale of software for music production use. The Company will sell 3,024,264 shares of Cakewalk to Gibson Brands, and as a result, the Company will hold no stake in Cakewalk, down from 99.99%. 

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