Takeover Looms for Emi If Plea for Pounds 120m Fails ; Plan to Lease Back Catalogue Falls Through
Mail on Sunday › April 04, 2010
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Summary
EMI investors are reluctant to agree to any demand from the music giant for more cash to fend off its lender Citigroup after the collapse of its plans to lease its back catalogue to rivals.
The group, owned by financier Guy Hands' investment firm Terra Firma, must come up with a strategic plan for its future by the end of the month to persuade investors to put in an additional Pounds 120 million.See the full content of this document
Extract
Takeover Looms for Emi If Plea for Pounds 120m Fails ; Plan to Lease Back Catalogue Falls Through
Citigroup can take control of the company if it fails to make the payment.
EMI is unde...See the full content of this document
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