The piano maker was sold last month to asset strippers Kohlberg & Co for a valuation estimated at $35 a share. Now an anonymous bid has come in for $38 a share. Not so anonymous, Reuters say it’s hedge fund mogul John Paulson.
So the piano firm is back, so to say, in play.
But one finance owner or another will make no difference to pianophiles. The 57th St showroom has been sold and the legend is in its death throes. Who wins the bidding way for the Steinway brand need barely concern us.