Norfolk Piano Man is Looking for a Home for His Collection

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Norfolk Piano Man is Looking for a Home for His Collection

“All our pianos have their own character and a lot of them are from famous makers. Bill is getting older and at some point this collection will die. From my point of view I would like to see him get an apprentice to learn about it so the collection can carry on. We cannot do anything more with it or raise funds until we have a building. Because everything is so crammed it is soul destroying even to go and look at it.”

8 Ways to Make Your Piano Room Sing

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http://www.houzz.com/ideabooks/976310/list/8-Ways-to-Make-Your-Piano-Room-Sing

My sister just added a beautiful black upright piano to her home. It has turned her place into a musical hot spot for family and friends and has me thinking about getting one. But where would I put it, and how do I design a room with it?

If you have a new or used piano or are pondering the idea, here are some tips on finding a stylish place where your piano sounds and looks great.

Steinway Sold for $438 million

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.

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