Thursday, August 30, 2007

VA SmallCap Partners Looks To Make Music With Steinway (LVB) Position

In a 13D filing late-afternoon yesterday on Steinway Musical (NYSE: LVB), VA SmallCap Partners, an affiliate of ValueAct Capital, disclosed a 5.2% stake (422,690 shares) in the company.

In a pretty standard disclosure, the firm did not make any direct requests on the company, but said they will monitor their investment and may enter discussions with management, the Board of Directors or others.

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Anonymous Anonymous said...

They should be monitoring the situation very close after the unnecessary 20+ million dollars mistake by upper management in strike related cost last year.

10:11 PM  

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