Steinway Musical Instruments Inc. has been sold to Kohlberg & Co. for approximately $438 million.
2 Jul 2013
Tammy Weller
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Writing and Publishing
Steinway Musical Instruments Incorporated, which includes renowned piano brand Steinway & Sons, has been sold to Kohlberg & Company for approximately $438 million.
In the deal Kohlberg will commence a tender offer to acquire outstanding shares for $35.00 in cash per share. The board of directors of Steinway unanimously support this offer.
Tammy Weller is a Melbourne-based writer. She recently completed a Graduate Diploma in Arts majoring in Writing, Publishing and Editing at the University of Queensland. She moved to Melbourne at the start of the year and also works as an actor and massage therapist.
