NEW YORK, July 1, 2013 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential legal claims against the board of directors of Steinway Musical Instruments, Inc. ("Steinway") (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 Kohlberg & Company ("Kohlberg") in a transaction valued at approximately $438 million.
If you purchased Steinway, and want more information about the Steinway takeover lawsuit, please contact George Pressly, Esq. at1(800) 631-6234or email George at AskGeorge@morgansecuritieslaw.com.
Under the terms of the proposal, public shareholders of Steinway Musical Instruments, Inc. will receive $35.00 per share in cash for each share of Steinway they own.
Morgan & Morgan's investigation concerns whether Steinway's Board of Directors breached its fiduciary duties to act in the best interests of Steinway shareholders and to take all necessary steps to ensure that Steinway shareholders receive the maximum value readily available for their shares of Steinway common stock.
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Morgan & Morgan
Peter Safirstein, Esq.
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New York, NY 10036
SOURCE Morgan & Morgan