- Steinway Musical Instruments (NYSE:LVB) gains 7.7% to $39 after receiving a $38 per share cash buyout bid an investment firm not named Kohlberg & Co.
- The board has determined this new bid is superior to KKR's $35 offer and the shares trading over $38 suggest Kohlberg may soon come back even higher. (PR)
New offer for Steinway trumps Kohlberg's bid
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| Symbol | Last Price | % Chg |
|---|---|---|
| LVB | - | - |
| Steinway Musical Instruments, Inc. | ||