Steinway eyed
Source: Agencies |
July 2, 2013, Tuesday
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Print Edition
Print Edition
PIANO maker Steinway & Sons is being acquired by private equity firm Kohlberg & Co for about US$438 million. Kohlberg, which would take the company private, will start a tender offer to buy all of Steinway's outstanding stock for US$35 per share, a 15 percent premium to its Friday closing price of US$30.43.
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