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EMI Expected To Reject Permira Offer
December 5, 2006 at 11:30 AM (PT)
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Holding Out
Music giant EMI will reportedly turn down a takeover bid by European private equity firm PERMIRA. The bid was expected to be worth $4.95 billion, or $6.14 a share, VARIETY reports. EMI is looking for bids in the $6.93-per-share range, amounting to about $5.5 billion.
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