Mergers & Acquisitions
Aug. 15, 2013
Piano maker Steinway sells to a hedge fund with Skadden's help
Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates lawyers in California counseled a special committee to the board of directors of Waltham, Mass.-based Steinway Musical Instruments Inc., which sold to a hedge fund for $512M.
Daily Journal Staff Writer
PALO ALTO - Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates lawyers in Palo Alto and Los Angeles counseled a special committee to the board of directors of Waltham, Mass.-based Steinway Musical Instruments Inc. in connection with the piano maker's bid to go private.
On Wednesday, Steinway confirmed it would accept a $512 million buyout offer - or $40 per share - from Paulson &am...
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