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Steinway Musical Instruments (NYSE:LVB) announces it will be acquired by Kohlberg & Company...

Jul. 01, 2013 9:10 AM ETSteinway Musical Instruments, Inc. (LVB) StockLVBBy: Clark Schultz, SA News Editor

Steinway Musical Instruments (NYSE:LVB) announces it will be acquired by Kohlberg & Company for $35 per share in a deal valued at $438M. The agreement will allow 45 days for Steinway to consider better offers. LVB +15.4% premarket.

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Steinway Musical Instruments, Inc.