Music to their ears

Shares of Steinway Musical Instruments have risen after the 160-year-old piano maker announced it received a better takeover offer to the pending $US438 million ($479.5 million) deal with Kohlberg & Co. Steinway identified the new potential buyer only as an investment firm and said it had offered about $US477 million.

Shares of Steinway Musical Instruments have risen after the 160-year-old piano maker announced it received a better takeover offer to the pending $US438 million ($479.5 million) deal with Kohlberg & Co. Steinway identified the new potential buyer only as an investment firm and said it had offered about $US477 million.

InvestSMART FORUM: Come and meet the team

We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles