Kirby McInerney LLP is investigating potential claims against the Board of Directors of Steinway Musical Instruments Inc. (“Steinway” or the “Company”) (NYSE: LVB) related to the proposed acquisition of the Company by an affiliate of Kohlberg & Company (“Kohlberg”). Under the terms of the transaction, Kohlberg will purchase all of the outstanding common stock of Steinway for $35.00 per share in cash, for a total transaction value of approximately $438 million. The investigation concerns whether the Steinway Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed $35.00 per share consideration adequately values Steinway common shares.
If you are a Steinway shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.