Shares in Guitar Center Inc. hit a 2-year high Wednesday fueled by anticipation that the $1.9 billion takeover by Bain Capital Partners was close to getting approval.

The deal was announced in June and has the Boston-based private equity group paying shareholders in the Westlake Village-based music equipment retailer $63 per share which was a 26 percent premium on the share price the day before the deal was announced. The deal was approved by shareholders on Sept. 19 and is expected to close later this month.

Shares hit a two-year high of $61.81 during trading Wednesday and eventually closed up 4 percent, or $2.34, to $61.35. Shares were up slightly, 36 cents, Thursday afternoon to $61.58.