EMI Set To De-List Its Stockmarket Shares
August 17, 2007 at 8:22 AM (PT)
EMI GROUP PLC said TODAY (8/17) it will delist its shares on the LONDON STOCK EXCHANGE on SEPTEMBER 18th after its 2.4 billion pound (US$4.9 billion; EU3.5 billion) takeover by private equity group TERRA FIRMA CAPITAL PARTNERS.
As of THURSDAY, TERRA FIRMA, run by financier GUY HANDS, held 94% of EMI.
TERRA FIRMA won EMI after the company's on-again, off-again suitor WARNER MUSIC GROUP ruled itself out of the bidding for the LONDON-based company.