Steinway Musical Instruments, Inc. (LVB) - NYSE
LVB is defunct.
  • Aug. 14, 2013, 11:20 AM
    • Paulson & Co raised its bid for Steinway Musical Instruments (LVB +7.2%) because South Korean firm Samick Musical Instruments stepped into the bidding process, according to sources.
    • After Samick topped Kohlberg by a $1 with a $39/share offer, Paulson came in a buck higher.
    | Aug. 14, 2013, 11:20 AM
  • Aug. 14, 2013, 9:13 AM
    | Aug. 14, 2013, 9:13 AM | 1 Comment
  • Aug. 14, 2013, 7:39 AM
    • On Monday, Steinway (LVB) said it had received a $38/share bid, which led to it cancel its $35/share deal with Kohlberg & Co.
    • Shares traded above $39 on Monday, but settled at $38.27 yesterday.
    • Today's agreement has no go-shop period, but Steinway "is permitted to respond to unsolicited offers in certain circumstances, and ultimately, to accept a superior proposal until the closing of the tender offer," which starts within 5 business days and lasts for 20 days.
    | Aug. 14, 2013, 7:39 AM
  • Aug. 12, 2013, 9:12 AM
    | Aug. 12, 2013, 9:12 AM
  • Aug. 12, 2013, 8:02 AM
    • 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)
    | Aug. 12, 2013, 8:02 AM | 1 Comment
  • Jul. 1, 2013, 12:45 PM
    Midday top 10 gainers: ONXX +51%. SPEX +24%. ACUR +19%. LVB +15%. DM +15%. ARIA +14%. HNR +13%. AXU +13%. TRT +11%. ATAI +11%.
    Midday top 10 Losers: NWSA -54%. INSM -15%. DSS -15%. IDCC -14%. TXMD -12%. HDY -13%. NTS -11%. PME -10%. ALVR -9%. COV -8%.
    | Jul. 1, 2013, 12:45 PM | 2 Comments
  • Jul. 1, 2013, 9:14 AM
    Premarket gainers: ONXX +54%. ACUR +26%. LVB +15%. YRCW +8%. CSIQ +7%. P +6%. NOK +6%.
    Losers: INSM -27%. IDCC -20%.
    | Jul. 1, 2013, 9:14 AM
  • Jul. 1, 2013, 9:10 AM

    Steinway Musical Instruments (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.

    | Jul. 1, 2013, 9:10 AM
  • May 9, 2013, 4:26 AM
    Steinway Musical (LVB): Q1 EPS of $0.21 beats by $0.02. Revenue of $76.8M misses by $5.5M. (PR)
    | May 9, 2013, 4:26 AM
  • Mar. 6, 2013, 4:42 PM
    Steinway Musical Instruments (LVB): Q4 EPS of $0.51 misses by $0.08. Revenue of $100.7M (+6.5% Y/Y) beats by $1.2M. (PR)
    | Mar. 6, 2013, 4:42 PM
  • Dec. 26, 2012, 5:53 PM

    Steinway Musical Instruments (LVB) says it's ended its strategic review without approving any additional moves, but plans to continue talks with potential buyers for its leasehold interest in the Steainway Hall building in New York. LVB had previously agreed to sell its band instrument division to an investor group led by former CEO Dana Messina and John Stoner, the one-time president of Conn-Selmer.

    | Dec. 26, 2012, 5:53 PM
  • Sep. 27, 2011, 8:49 AM

    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.

    | Sep. 27, 2011, 8:49 AM
  • Jul. 6, 2011, 10:10 AM

    Steinway (LVB) jumps +5% after its senior management makes an unsolicited proposal to purchase and take private the company's band instrument and online music divisions. In connection with the proposal, Chairman Kyle Kirkland has agreed to step down.

    | Jul. 6, 2011, 10:10 AM
Company Description
Currently, there's no company description for LVB.
Industry: Recreational Goods, Other
Country: United States