EMI shareholders give go-ahead to takeover

Financier Guy Hands today succeeded in his attempt to snap up EMI after shareholders at the music group finally gave their support to the bid.

Wed, 01 Aug, 2007 - 15:57

Financier Guy Hands today succeeded in his attempt to snap up EMI after shareholders at the music group finally gave their support to the bid.

Just over 90% of EMI investors gave their consent to the £2.4bn (€3.55bn) takeover deal by Mr Hands’ private equity group, Terra Firma.

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CourtsBusinessHeathrowPerson: Guy HandsPerson: Lily AllenPerson: Robbie WilliamsPerson: MadonnaOrganisation: EMIOrganisation: Terra FirmaOrganisation: Warner MusicOrganisation: Red Hot Chili PeppersOrganisation: Warner
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