As expected, the European Commission has given the go ahead for Terra Firma's proposed acquisition of the UK based EMI Group, meaning that any takeover would not come with regulatory issues attached (of which there would potentially be many if Warner Music mounted a takeover bid). Of course EMI's major shareholders haven't shown quite as much enthusiasm re Terra Firma's offer as the major's board and EC officials, though they may slowly come onboard as the private equity firm's latest offer deadline, which is now 26 Jul, approaches.
Jul 13, 2007
•
1 min read
European Commission approves Terra Firma's EMI acquisition
The European Commission has approved Terra Firma's proposed acquisition of EMI, removing regulatory obstacles, though EMI's major shareholders remain less enthusiastic.