Steinway should be able to fetch a high valuation given that the company may reach 30 per cent to 40 per cent annual sales growth in China

Steinway Musical Instruments, the famous piano maker controlled by US hedge fund billionaire John Paulson, has attracted takeover interest from China (...)

  The Steinway & Sons piano zone at the Luxury China 2013 exhibition  in June in Beijing.  Photograoh:  Feng Li/Getty Images

Grand piano maker Steinway Musical Instruments has agreed to be bought by private equity group Kohlberg & Co in a $438 million cash deal for the 1(...)