EMI: Still For Sale, But Mulls Alternatives
'Recapitalization,' IPO Being Considered
June 20, 2011 at 10:00 AM (PT)
After an apparent futile search for an interested suitor, the Board of Directors of EMI GROUP's holding company, EMI GROUP GLOBAL LTD, has initiated a process "to explore and evaluate potential strategic alternatives," including a possible sale, recapitalization or initial public offering of the Company.
EMI also stressed that there is "no assurance that this strategic review process will result in a transaction."
The Company will not make the new "review process" public "until its Board of Directors has approved a specific transaction."