(Bloomberg) -- EMI Group Plc credit-default swaps
fell following a report Citigroup Inc. has yet to approve an
extended deadline to finance the buyout of the U.K. record label
by Terra Firma Capital Partners Ltd.
Guy Hands' buyout firm has secured permission for the deal
from 26 percent of EMI shareholders. If Terra Firma fails to
secure the required 90 percent of investor approval by the 1
p.m. deadline on July 29, Hands plans to extend the deadline to
give shareholders more time, the London-based Times reported
today.
Read more at Bloomberg Bonds News
fell following a report Citigroup Inc. has yet to approve an
extended deadline to finance the buyout of the U.K. record label
by Terra Firma Capital Partners Ltd.
Guy Hands' buyout firm has secured permission for the deal
from 26 percent of EMI shareholders. If Terra Firma fails to
secure the required 90 percent of investor approval by the 1
p.m. deadline on July 29, Hands plans to extend the deadline to
give shareholders more time, the London-based Times reported
today.
Read more at Bloomberg Bonds News
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