Once Again, EMI Confirms Buyout Talks

EMI has confirmed via a public disclosure that it is in talks with, yet another, potential buyer. “EMI announces that it has, this morning, received a preliminary approach for the Company which may or may not lead to an offer being made for the Company,” the statement said. The disclosure follows certain regulatory requirements, though the company has declined to identity the suitor. Rumors are circling that the private equity arm of Goldman Sachs along with Kohlberg Kravis Roberts & Co. are the ones flirting with EMI.

EMI’s stock rose 10% on the London Stock Exchange when the statement first hit the streets. Read EMI Disclosure.

Author: FutureMusic

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