Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation
of Steinway Musical Instruments Inc. Over the Proposed Sale of the Company
to Kohlberg & Company
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New
York City, is investigating the Board of Directors of Steinway Musical
NEW YORK -- July 1, 2013
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national
securities firm headquartered in New York City, is investigating the Board of
Directors of Steinway Musical Instruments Inc. (“Steinway” or the “Company”)
(NYSE: LVB) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to Kohlberg & Company in a
deal valued at approximately $438 million. Under the terms of the proposed
transaction, Steinway’s stockholders will receive $35.00 in cash for each
share of Steinway common stock they own.
Request more information now by clicking here: www.faruqilaw.com/LVB. There is
no cost or obligation to you.
The investigation focuses on whether Steinway’s Board of Directors breached
their fiduciary duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether and by how much this proposed transaction undervalues the
Company to the detriment of Steinway’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and
individuals in class action litigation. The firm is focused on providing
exemplary legal services in complex litigation in the areas of securities,
shareholder, antitrust and consumer litigation, throughout all phases of
litigation. The firm has an experienced trial team which has achieved
significant victories on behalf of the firm’s clients.
If you own common stock in Steinway and wish to obtain additional information
and protect your investments free of charge, please visit us at
www.faruqilaw.com/LVB or contact Juan E. Monteverde, Esq. either via e-mail at
firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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results do not guarantee or predict a similar outcome with respect to any
future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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