(Reuters) - The offer of 265 pence a share sent EMI's stock up to close 9.3 percent higher at 271 pence, indicating investors thought a higher counterbid was possible.
A source familiar with the deal told Reuters that Terra Firma intended to keep EMI intact, retain existing management and proceed with plans to securitize the company's reliable music publishing assets.
Read more at Reuters.com Bonds News
A source familiar with the deal told Reuters that Terra Firma intended to keep EMI intact, retain existing management and proceed with plans to securitize the company's reliable music publishing assets.
Read more at Reuters.com Bonds News
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