Steinway Musical Instruments Inc was founded in 1853 in a loft on Manhattan’s lower west side. It is most famous for Steinway & Sons pianos, but today its products include Bach Stradivarius trumpets, Selmer Paris saxophones, C.G. Conn French horns, Leblanc clarinets, King trombones, and Ludwig snare drums.
Steinway announced on Monday July 1st that it has entered into a definitive agreement to be acquired by an affiliate of Kohlberg & Company, a global private equity investment firm, in a transaction valued at approximately $438 million. Upon the completion of the transaction, the Company will become a privately held company.
Under the terms of the agreement, an affiliate of Kohlberg will commence a tender offer to acquire all of the outstanding shares of the Company’s common stock for $35.00 per share in cash, representing a premium of 33%. The board of directors of the Company unanimously recommends that the Company’s stockholders tender their shares in the tender offer.
“Kohlberg’s long history of collaboration to grow and expand some of the world’s leading consumer brands makes us an ideal partner for Steinway to accelerate its global expansion, while ensuring the artisanal manufacturing processes that make the company’s products unique are preserved, celebrated and treasured,” Kohlberg partner Christopher Anderson said.
Shares of Steinway Musical Instruments Inc. jumped $4.62, or 15 percent, to $35.05 in morning trading. Shares this year have risen close to 70 percent.
A new, revolutionary tool that allows you to learn piano pieces faster, broaden your repertoire knowledge, improve your interpretational skills or to simply immerse yourself in the refined art of classical piano music, has finally arrived!
The AST integrates Piano Street’s sheet music library with the leading video and music streaming services YouTube, Spotify and Naxos and allows you to listen to recordings of pieces while following along in the scores. The recordings are carefully selected by the Piano Street Team to ensure that the performances are of professional reference standard and provide a diversified selection in terms of interpretational styles.
When it comes to incorporating a beautiful piano into the home, designers say clients have one of two goals in mind: dramatic, aesthetic effect or maximum sound presentation. Many piano owners, of course, want to achieve both.
Southern Highlands businessman Ted Springett was well known not only for his business ventures and love of community, but also his passion for music.
A long-time friend of Theme & Variations Piano Services, it was always Ted’s dream to own a magnificent piano from the stunning collection of Steinway & Sons grand pianos, and for him this became a reality many years ago when he purchased his first Steinway & Sons piano, a model B-211. In 2008, Ted took the opportunity to upgrade to a full model D-274 concert grand piano after it was first used in the Southern Highlands International Piano Competition.
You don’t have to go far to learn just how much of an impact Ted Springett and his family have had on the Bowral community and its surrounds. Simply typing Ted’s name into a Google search will reveal page after page testifying to Ted’s community spirit and his ongoing efforts to give back to the community through the establishment of the Springett Foundation, donation of property to various community ventures and much more.
Aged 92, Ted Springett passed away at the end of 2012, and it is his family’s wish that his beloved Steinway piano be made available to somebody who can truly appreciate and love the instrument.
If you would like to make an appointment to view and play the piano, please contact Theme & Variations Willoughby showroom on (02) 9958 9888 or email firstname.lastname@example.org
Dr Miriam Hyde AO, OBE, was an Australian composer, poet, music educator and pianist. She was born in Adelaide on January 15th 1913 and died January 11, 2005. Miriam Hyde composed works for piano, songs, orchestra and she also had books of poetry published, and wrote an autobiography.
The RMS Titanic was a ship orchestrated to be grander than any other. Feed your interest on Titanic‘s music: the numbers listed in the White Star Line Songbook, discussion on the identity of Titanic‘s band members, and the performance venues including the art case pianos on board.
“The moment I began playing the Yamaha CFX piano I could tell that it had a resonance, purity of tone and an ideal action, unique among pianos. The CFX allows me to play with the utmost artistic expression, nuance and control. It is simply a superb instrument.”
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