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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Steinway Musical Instruments, Inc. - LVB



    SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of
            Investors of Steinway Musical Instruments, Inc. - LVB

PR Newswire

NEW YORK, July 2, 2013

NEW YORK, July 2, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom &
Gross LLP is investigating claims on behalf of investors of Steinway Musical
Instruments, Inc. ("Steinway" or the "Company") (NYSE: LVB) (ISIN:
US8584951045) (CUSIP: 858495104) concerning the proposed acquisition of
Steinway by an affiliate of Kohlberg & Company in a transaction valued at
approximately $438 million.

The investigation concerns whether the Steinway directors are breaching their
fiduciary duties by failing to adequately shop the Company and maximize
shareholder value.  Under the terms of the agreement, Steinway shareholders
will be entitled to receive $35.00 per share in cash for each share of
Steinway common stock.  However, the price to EBIT and Net Income multiples
are below the average of comparable transactions. 

Steinway shareholders seeking more information about this acquisition are
advised to contact Robert Willoughby at rswilloughby@pomlaw.com or
212-661-1100 or 888-476-6529, ext. 237.

The firm is also investigating actions on behalf of shareholders for the
following companies:  Hilltop Community Bancorp, Inc., Dole Food Company,
Inc., and Cooper Tire & Rubber Company.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego,
is acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the Pomerantz Firm
pioneered the field of securities class actions. Today, more than 75 years
later, the Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of fiduciary duty,
and corporate misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.

CONTACT:

Robert Willoughby
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
212-661-1100 ext. 237
rswilloughby@pomlaw.com

 

SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP

Website: http://www.pomerantzlaw.com
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