Law Firm Kirby McInerney LLP Investigating Potential Claims On Behalf Of Steinway Musical Instruments Inc. Shareholders

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 bwalker@kmllp.com, 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.

Copyright Business Wire 2010

If you liked this article you might like

The Deal: Samick Mulled Second Try For Steinway

'Fast Money' Recap: Retailers on Sale

The Deal: Steinway Trading Suggests Bidding Not Over

Paulson Takes Steinway Private

Paulson Pulls Buffett-Like Move in Steinway Acquisition