Transactions
Aug. 8, 2000
Milbank Tweed: $85 MILLION PURCHASE IS MUSIC TO STEINWAY'S EARS
Steinway Musical Instruments Inc. has agreed to acquire Elkhart, Ind.'s United Musical Instruments Holding Inc. The deal is valued at about $85 million.
Steinway is a maker of musical instruments based in Waltham, Mass. The acquisition of United Musical, a maker of band instruments, is part of Steinway's effort to establish prominence in the professional, hobbyist and school mus...
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