Re: Besson goin belly up?


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Posted by Chuck(G) on January 06, 2003 at 23:34:12:

In Reply to: Besson goin belly up? posted by ken k on January 06, 2003 at 22:56:33:

Boosey's been in trouble for quite awhile and management is looking to break the company up. Theré shouldn't be any problem selling the generally profitable publishing arm (think of all of the intellectual property), but the musical instruments part of the division is going begging for a buyer. Below is a story from December about the current state of affairs. Steinway was in the bidding for the instruments division around mid-last year, but the deal fell through. The last I heard, a venture capital group, Rutland Fund Management, is attempting to line up financing to buy the instrument division.



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