Steinway (LVB) adopts a Stockholder Rights Plan under which shareholders can purchase a new...

|About: Steinway Musical Instrume... (LVB)|By:, SA News Editor

Steinway (LVB) adopts a Stockholder Rights Plan under which shareholders can purchase a new series of preferred shares if triggers are met. The plan is a defensive measure in case of a concerted acquisition bid for the company on the open market.