Steinway & Sons Sold?

[stanwood]

>Posted to: rec.music.makers.piano

>I don't see any posts on this yet, so I may as well be the first.
>According to the 4/19/95 New York Times:
>
>        Steinway & Sons, the piano manufacturer that has been a New
>        York institution since its founding by Heinrich E. Steinway in
>        1853, was sold yesterday for $100 million to the Selmer
>        company, a maker of musical instruments.
>
>The article goes on to comment that the price seems unreasonably high
>in light of current market conditions.