The law firm of Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Steinway Musical Instruments, Inc. (NYSE: LVB) (“Steinway” or “the Company”), concerning the proposed acquisition of the Company by private equity firm Kohlberg & Company (“Kohlberg”). Under the terms of the agreement, Kohlberg expects to launch a cash tender offer for all outstanding shares of Steinway’s common stock, in which the Company’s shareholders would receive $35.00 per share. The transaction is valued at $438 million.
The investigation is focused on the potential unfairness of the consideration to shareholders, the process by which the Company’s Board of Directors considered the transaction, as well as potential conflicts of interest among Steinway’s Board members.
If you are interested in discussing your rights as a Steinway shareholder, or have information relating to this investigation, please contact Finkelstein Thompson’s Washington, DC offices at (202)-337-8000 or by email at
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
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