News: Steinway Musical Instruments Inc (LVB.N)

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Mon, Jul 1 2013

Kohlberg to buy grand piano maker Steinway for $438 million

NEW YORK - Steinway Musical Instruments Inc. , the 160-year-old manufacturer of pianos, saxophones and trumpets, said on Monday it had agreed to be acquired by private equity firm Kohlberg & Co. in a deal valued at about $438 million.

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UPDATE 1-Kohlberg to buy grand piano maker Steinway for $438 mln

NEW YORK, July 1 - Steinway Musical Instruments Inc., the 160-year-old manufacturer of pianos, saxophones and trumpets, said on Monday it had agreed to be acquired by private equity firm Kohlberg & Co. in a deal valued at about $438 million.

Kohlberg to take Steinway Musical private in $438 mln deal

July 1 - Steinway Musical Instruments Inc said it would be acquired by private equity firm Kohlberg & Co in a deal valued about $438 million.

TEXT - S&P raises Steinway Musical Instruments to 'B+'

Overview -- A special committee of the Board of Directors of U.S.-based Steinway Musical Instruments Inc. has ended its strategic alternatives evaluation process, and will neither divest its band division nor the entire company. -- We are raising our corporate credit rating to 'B+' from 'B' reflecting improved credit metrics following better operating performance and debt reduction. -- We are also raising the issue-level rating on the company's 7% senior unsecured notes due 2

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