EMI expected to reject Permira bid

Shares in EMI rose 2% today following a report that the music group is expected to shun a private-equity bid worth £2.5bn (€3.7bn).

EMI expected to reject Permira bid
Mon, 04 Dec, 2006 - 09:53

Shares in EMI rose 2% today following a report that the music group is expected to shun a private-equity bid worth £2.5bn (€3.7bn).

Permira is thought to be preparing a 310p-a-share offer for the company, which boasts a roster including Robbie Williams, Coldplay and the Rolling Stones.

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CourtsBusinessHeathrowPlace: USPlace: LondonPerson: PermiraPerson: Robbie WilliamsPerson: MadonnaOrganisation: EMIOrganisation: ColdplayOrganisation: Rolling StonesOrganisation: My Chemical RomanceOrganisation: Scissor SistersOrganisation: KohlbergOrganisation: Kravis RobertsOrganisation: Goldman SachsOrganisation: WarnerOrganisation: Warner MusicOrganisation: Red Hot Chili PeppersOrganisation: European Court of First InstanceOrganisation: EUOrganisation: SonyOrganisation: BMGOrganisation: Universal
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