Terra Firma Wins Bid For EMI
08/02/07
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(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
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