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Topic: Miscellaneous
Number of pages / Number of words: 2 / 298
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Despite the critics assessment that Kirkland and Messina overpaid for Steinway, our valuation of the firm's worth of 107.45 million indicates that the critics initial assessment was incorrect. While 64 groups bid on Steinway, the winning bid of $101.5 million was not the highest received by the Birminghams, signaling that the market valued the firm to be worth at least the bid price...


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Despite the critics assessment that Kirkland and Messina overpaid for Steinway, our valuation of the firm's worth of 107.45 million indicates that the critics initial assessment was incorrect. While 64 groups bid on Steinway, the winning bid of $101.5 million was not the highest received by the Birminghams, signaling that the market valued the firm to be worth at least the bid price...


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