March 5, 2007 at 05:31EMI refused Warner merger
On Friday, it became known that the British record company EMI refused to accept the offer of Warner Music, which wanted to buy it for $ 4.1 billion. The reason for the refusal was negative forecasts of analysts and the opinion that shareholders would not approve the deal.
Nevertheless, the EMI management announced its readiness to consider any proposal for a merger if a decent price is offered and approval by European anti-monopoly authorities is obtained.
Shares of the company after the news of the failure of negotiations with WM significantly increased.
Warner declined to comment on this news.
Nevertheless, the EMI management announced its readiness to consider any proposal for a merger if a decent price is offered and approval by European anti-monopoly authorities is obtained.
Shares of the company after the news of the failure of negotiations with WM significantly increased.
Warner declined to comment on this news.