.

Terra Firma Wins Bid For EMI

08/02/07
.
(BBC) Private equity group Terra Firma has succeeded in its bid to buy music firm EMI - securing just more than the 90% of shareholder approval it needed.

By the Wednesday deadline, 90.3% of EMI investors had agreed to the �2.4bn takeover offer by the UK company, headed by buyout specialist Guy Hands.

Above the 90% level, Terra Firma can forcibly buy the remaining EMI shares. EMI's artists include Joss Stone, Lily Allen, Coldplay, Robbie Williams and the Chemical Brothers. - more on this story

(Click here to return to the full Day in Rock report for 08/02/07 or select a headline below from the list of stories included in today's news.)

Related News for Lily Allen

Preview and Purchase Lily Allen music



Today's Headlines
.

tell a friend about this article

know of a news item we should cover?

antiMUSIC News featured on RockNews.info and Yahoo News

.


advertisement