{"id":4756,"date":"2013-08-15T18:22:04","date_gmt":"2013-08-16T01:22:04","guid":{"rendered":"http:\/\/www.bigjimindustries.com\/wordpress\/?p=4756"},"modified":"2013-08-21T18:25:28","modified_gmt":"2013-08-22T01:25:28","slug":"steinway-pianos-bought-for-only-12-billion","status":"publish","type":"post","link":"https:\/\/bigjimindustries.com\/wordpress\/2013\/08\/15\/steinway-pianos-bought-for-only-12-billion\/","title":{"rendered":"Steinway Pianos Bought For Only 1\/2 Billion $"},"content":{"rendered":"<p><a href=\"http:\/\/www.crainsnewyork.com\/article\/20130814\/RETAIL_APPAREL\/130819958\" target=\"_blank\"><em>from Crain&#8217;s<\/em><\/p>\n<p><\/a><\/p>\n<h1 itemprop=\"headline\">Famed piano maker Steinway sold for $499M<\/h1>\n<p itemprop=\"description\"><strong>After a last-minute bid canceled a planned sale to Kohlberg &amp; Co., Steinway is selling itself to Paulson &amp; Co. for a $3-per-share premium over the earlier offer.<\/strong><\/p>\n<p><img decoding=\"async\" class=\"alignnone\" alt=\"\" src=\"http:\/\/www.crainsnewyork.com\/apps\/pbcsi.dll\/storyimage\/CN\/20130814\/RETAIL_APPAREL\/130819958\/AR\/0\/piano.jpg&amp;q=80&amp;MaxW=640&amp;imageversion=widescreen&amp;maxh=360\" width=\"480\" height=\"auto\" \/><\/p>\n<p><strong>(AP)<\/strong> &#8212; The famed piano maker Steinway is being sold for $499 million.<\/p>\n<p>The company terminated an existing sales agreement with Kohlberg &amp; Co. after it was outbid by another investment firm, Paulson &amp; Co.<\/p>\n<p>Paulson topped Kohlberg&#8217;s offer by $3 per share.<\/p>\n<p>Steinway, which is being taken private and operates a flagship store on West 57th Street in Manhattan, will have to pay a termination fee of about $6.7 million.<\/p>\n<p>[ <a href=\"http:\/\/www.crainsnewyork.com\/article\/20130814\/RETAIL_APPAREL\/130819958\" target=\"_blank\">click to continue reading at Crain&#8217;s<\/a> ]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>from Crain&#8217;s Famed piano maker Steinway sold for $499M After a last-minute bid canceled a planned sale to Kohlberg &amp; Co., Steinway is selling itself to Paulson &amp; Co. for a $3-per-share premium over the earlier offer. (AP) &#8212; The famed piano maker Steinway is being sold for $499 million. The company terminated an existing [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[8],"tags":[],"class_list":["post-4756","post","type-post","status-publish","format-standard","hentry","category-weirdness"],"_links":{"self":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts\/4756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/comments?post=4756"}],"version-history":[{"count":0,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts\/4756\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/media?parent=4756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/categories?post=4756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/tags?post=4756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}