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Kohlberg Scraps Steinway Buyout Bid After $478M Rival Offer

By Karlee Weinmann (August 13, 2013, 3:19 PM EDT) -- Buyout specialist Kohlberg & Co. doused speculation of a bid war for famed piano maker Steinway Musical Instruments Inc., saying Tuesday it would waive its right to match a dark-horse $478 million offer that trumps its previously approved proposal....

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