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Steinway Musical Instruments Inc

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October 2, 2001 | Bloomberg News
Steinway Musical Instruments Inc. Chairman Kyle Kirkland settled federal charges he defrauded investors in two high-yield funds by concealing performance problems and inflating values of troubled securities. Kirkland, of Santa Monica, did not admit or deny the charges filed by the Securities and Exchange Commission in an administrative proceeding.
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August 12, 2013 | By Tiffany Hsu
Pianos seem to be popular on Wall Street, as two financial firms face off in their quests to acquire Steinway Musical Instruments Inc. The Waltham, Mass. company - which in addition to its namesake pianos also makes Bach Stradivarius trumpets, Selmer Paris saxophones, Leblanc clarinets and more - said it has received a superior takeover bid to the deal announced in June with private equity firm Kohlberg & Co. The new bidder, an unnamed affiliate of a mysterious investment firm only described as managing $15 billion, is offering $38 a share for Steinway.
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