Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Steinway Musical Instruments Sued in $438 Million Buyout

Steinway Musical Instruments Inc., owner of the 160-year-old piano maker, was sued by a shareholder challenging its agreement to be bought by the private-equity firm Kohlberg & Co. for about $438 million.

Joseph Tillo Jr. contends in a Delaware Chancery Court complaint filed today in Wilmington that the $35-a-share offer is unfair and inadequate.

“The board should have leveraged Steinway’s position to extract a greater premium,” Tillo alleges. He seeks a ruling to stop the deal under its present terms and asks for awards of damages and legal fees.

The case is Joseph Tillo Jr. v. Steinway, CA8713, Delaware Chancery Court (Wilmington).

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.