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. Ther� 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.