New offer for Steinway trumps Kohlberg's bid

Steinway Musical Instruments (LVBgains 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)

Comments (1)
  • domonkos
    , contributor
    Comment (1) | Send Message
    Quality reporting. Kohlberg & Co is NOT KKR. Read your own story perhaps.
    12 Aug 2013, 09:14 AM Reply Like
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