Rigrodsky & Long, P.A. Announces Investigation Of Steinway Musical Instruments, Inc. Buyout

Rigrodsky & Long, P.A. Announces Investigation Of Steinway Musical Instruments, Inc. Buyout

Kohlberg offers only $35.00 per share to Steinway shareholders

WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:

  • Do you own shares of Steinway Musical Instruments, Inc. (NYSE:LVB)?

  • Did you purchase any of your shares prior to July 1, 2013?

  • Do you think the proposed buyout price is too low?

  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Steinway Musical Instruments, Inc. ("Steinway" or the "Company") (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 an affiliate of Kohlberg & Company ("Kohlberg") in a transaction valued at approximately $438 million.

Click here to learn more: http://www.rigrodskylong.com/investigations/steinway-musical-instruments-inc-lvb.

Under the terms of the agreement, public shareholders of Steinway will receive $35.00 per share in cash for each share of Steinway they own.

The investigation concerns whether Steinway's board of directors failed to adequately shop the Company and obtain the best possible value for Steinway's shareholders before entering into an agreement with Kohlberg.

If you own the common stock of Steinway and purchased your shares before July 1, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/steinway-musical-instruments-inc-lvb.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

Rigrodsky & Long, P.A.
Seth Rigrodsky
Peter Allocco
Fax: 302-654-7530

KEYWORDS: United States North America Delaware


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