Morgan & Morgan Announces the Investigation of Steinway Musical Instruments,
Inc. Buyout LVB
NEW YORK, July 1, 2013
NEW YORK, July 1, 2013 /PRNewswire/ -- Morgan & Morgan announces that it is
investigating potential legal claims against the board of directors of
Steinway Musical Instruments, Inc. ("Steinway") (NYSE: LVB) regarding possible
breaches of fiduciary duties and other violations of law related to the
Company's entry into an agreement to be acquired by Kohlberg & Company
("Kohlberg") in a transaction valued at approximately $438 million.
If you purchased Steinway, and want more information about the Steinway
takeover lawsuit, please contact George Pressly, Esq. at1(800) 631-6234or
email George at AskGeorge@morgansecuritieslaw.com.
Under the terms of the proposal, public shareholders of Steinway Musical
Instruments, Inc. will receive $35.00 per share in cash for each share of
Steinway they own.
Morgan & Morgan's investigation concerns whether Steinway's Board of Directors
breached its fiduciary duties to act in the best interests of Steinway
shareholders and to take all necessary steps to ensure that Steinway
shareholders receive the maximum value readily available for their shares of
Steinway common stock.
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to
securities fraud, the firm also practices in the areas of antitrust, personal
injury, consumer protection, overtime, and product liability.All of the
Firm's legal endeavors are rooted in its core mission: provide investor and
consumer protection and always fight "for the people."
Attorney advertising. Prior results do not guarantee a similar outcome.
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44^th Street
New York, NY 10036
SOURCE Morgan & Morgan
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