Permira’s Buyout Negotiations For EMI Crumble
Shares Take A Beatin’ On The Street EMI has recently ceased negotiations with Permira Advisors Ltd, according to a recent press release. “EMI today announces that discussions with the potential offeror have now ceased,” the label stated. “The EMI Board has not received an offer that fully reflects the prospects for and value of the company and which it could recommend to shareholders,” the company...
EMI Reportedly Close to $3.9 Billion Deal
EMI was close to a deal last night to be acquired by European private-equity group Permira, the Wall Street Journal reported citing people familiar with the matter. A source familiar with the matter stated that while the sides remain in talks no agreement is imminent. EMI and Permira both declined to comment on the matter. It said the situation remained fluid and it was unclear whether other private-equity groups would join Permira in...
Coupon Codes Built Into Your Browser + Earn Money On Your Online Purchases!
