| Ticker: LVB | 601 Industrial Parkway | |
| Exchange: New York Stock Exchange | Elkhart, Indiana 46516 | |
| Industry: Manufacturing | (219) 522-1675 |
| Type of Shares: | Ordinary Shares | Filing Date: | 5/14/96 | |
| U.S. Shares: | 2,856,000 | Offer Date: | 8/1/96 | |
| Non-U.S. Shares: | 714,000 | Filing Range: | $20.00 - $22.00 | |
| Primary Shares: | 3,570,000 | Offer Price: | $19.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.33 | |
| Offering Amount: | $74,970,000 | Selling: | $0.66 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 4/1/95 | 3/31/96 | ||
| Revenue: | $233.73 | $69.05 | $59.98 | Assets: | $265.31 |
| Net Income: | $4.49 | $2.64 | $1.24 | Liabilities: | $195.60 |
| EPS: | Equity: | $69.70 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company, through its subsidiaries Steinway Musical Properties, Inc. ("Steinway") and The Selmer Company, Inc. ("Selmer"), is one of the world's leading manufacturers of musical instruments. Steinway produces the highest quality piano in the world and has one of the most widely recognized and prestigious brand names. For more than a century, the Steinway concert grand has been the piano of choice for the world's greatest and most popular pianists, including artists such as Vladimir Horowitz, George Gershwin and Billy Joel. More than 90% of all concert piano performances worldwide were on Steinway grand pianos during the 1995 concert season. Selmer is the leading domestic manufacturer of band and orchestral instruments and related accessories, including a complete line of brasswind, woodwind, percussion and stringed instruments. SELMER PARIS saxophones, BACH trumpets and trombones and LUDWIG snare drums are considered by many to be the finest such instruments in the world. Steinway concentrates on the high-end grand piano segment of the industry. Steinway also offers vertical pianos as well as a mid-priced line of grand and vertical pianos under the Boston brand name to provide dealers with a broader product line. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to reduce indebtedness and for general corporate purposes. |
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