Fubon Financial (Taiwan: 2881) has agreed to acquire an 80% stake in China’s Firstinno Bank for approximately $1.03 billion. www.fubon.com
Steinway Musical Instruments Inc. (NYSE: LVB) has concluded an evaluation of strategic alternatives, without choosing to sell any of the company. This includes the termination of a previous agreement to sell its band instrument division to an investor group that included board members Dana Messina and John Stoner. The company had been advised by Allen & Co. www.steinwaymusical.com
Toshiba Corp. (Tokyo: 6502) is in talks to sell up to a 16% stake in nuclear power unit Westinghouse, according to Dow Jones. Suitors include Chicago Bridge & Iron Company NV (NYSE: CBI). Toshiba currently holds a 67% position in Westinghouse, and plans to buy back another 20% stake from Shaw Group Inc. (NYSE: SHAW). www.toshiba.com
Covidien (NYSE: COV) has agreed to acquire CV Ingenuity, a Fremont, Calif.-based provider of solutions to relieve vascular obstructions, inhibit restenosis and allow natural vessel healing for patients with peripheral arterial disease. No financial terms were disclosed. Sellers include BioStar Ventures, New Enterprise Associates, Life Science Angels, de Anda Capital, Synergy Ventures and Western Technology Investment. www.covidien.com
Wynnchurch Capital has sold 4Front, a Carrollton, Texas-based manufacturer of truck and rail loading dock equipment, to listed Swedish door opener maker Assa Abloy. www.4frontes.com
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