Steinway Musical Concludes Strategic Alternatives Evaluation, Says Didn't Reach Deal, Terminated Planned Pact
Posted on December 26, 2012 at 16:32 PM EST
Steinway Musical Instruments, Inc. (NYSE: LVB ), one of the world's leading manufacturers of musical instruments, announced today the conclusion of its previously announced evaluation of strategic alternatives. In July 2011, after receiving an unsolicited proposal to acquire the Company's band instrument division, Steinway's Board of Directors engaged Allen & Company LLC to assist a Special
