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Billionaire Paulson Attracts Chinese Suitor for Steinway

(Bloomberg) Steinway Musical Instruments Inc., the legendary piano maker controlled by U.S. hedge fund billionaire John Paulson, has attracted takeover interest from China Poly Group Corp., people familiar with the matter said. The state-owned conglomerate is in the early stages of considering an offer for Steinway, the people said. Other suitors may also emerge for the business, according to the people, who asked not to be identified because the deliberations are private.

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