EMI’s Board Accepts Terra Firma’s Buyout Bid
EMI’s Board of Directors has recommended that shareholders accept a $4.7 billion / £2.4 billion cash bid by private equity company Terra Firma Capital Partners. In a joint statement, the companies revealed that the EMI board intends to recommend unanimously that its shareholders accept the offer, noting that the directors have already undertaken to sell their own holdings to Maltby, a concern that Terra Firma set up for the...
Threat Of Litigation Forces KEL Audio To Cancel HM-2 Mic
Kel Audio has officially announced the cancelation of the HM-2 large diaphragm instrument microphone. Kel Audio was threatened with a lawsuit from a competitor who felt the HM-2 too closely resembled a current model. All customers who pre-ordered an HM-2 have been refunded their deposits.
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