(Reuters) - Terra Firma, which is offering 265 pence a share to buy the
British music company for 2.4 billion pounds ,
had a Sunday deadline to receive 90 percent of the shares as a
condition tied to its financing agreement for the deal with
adviser Citigroup .
EMI shares had slipped further from the offer price over the
last few days as investors worried the takeover might collapse
because of deterioration in credit markets. They closed up 1.1
percent on Friday at 252 pence.
Read more at Reuters.com Mergers News
British music company for 2.4 billion pounds ,
had a Sunday deadline to receive 90 percent of the shares as a
condition tied to its financing agreement for the deal with
adviser Citigroup .
EMI shares had slipped further from the offer price over the
last few days as investors worried the takeover might collapse
because of deterioration in credit markets. They closed up 1.1
percent on Friday at 252 pence.
Read more at Reuters.com Mergers News
No comments:
Post a Comment