Steinway, piano-maker for the stars, going private
MusicJul 2, 2013
NEW YORK (AFP) ― Steinway, which has built the pianos used by some of the world’s greatest classical musicians for more than 160 years, on Monday said it was being taken private in a $438 million deal with private equity group Kohlberg & Co.New York-based Steinway Musical Instruments, Inc., which owns the iconic Steinway & Sons piano brand, said Kohlberg will offer to acquire all the outstanding shares of the company for $35 a share, a premium of 33 percent from the average closing price of the