ICONIC piano maker Steinway Musical Instruments has agreed to accept a $US512 million ($A565.28 million) takeover bid by the Paulson and Co investment group. AAP reports that the price equates to $US40 per share. Paulson increased this price from its original offer of $US38 per share. The announcement follows the decision by rival bidder, private equity firm Kohlberg & Co., which had offered just $US35 per share, to stop bidding.
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