public
Terra Firma bails on its EMI dispute with Citigroup
Private equity firm Terra Firma sensationally abandoned its long running lawsuit against Citigroup in relation to its 2007 acquisition of…
Citigroup
16 posts
public
public
Date set for Terra Firma and Citigroup’s EMI deal retrial
Ah, remember when Terra Firma owned EMI? They were happy, heady days. I miss em. The job culls. The amusing…
public
Post-EMI legal battle between Terra Firma and Citigroup to be fought in London
So it turns out that a British court will, after all, play host to the little epilogue to that bizarre…
public
Citigroup seeking to block Terra Firma’s latest EMI lawsuit
Unsurprisingly, Citigroup is trying to stop take two of Terra Firma’s litigation relating to its 2007 acquisition of EMI…
Citigroup sells EMI pension fund, as retrial over Terra Firma allegations gets provisional kick-off date
Citigroup has sold the EMI Group pension fund to the Pension Insurance Corporation, in a deal which brings to an…
Appeals court orders Terra Firma v Citigroup retrial
A New York appeals court has ordered a retrial in Guy Hands’ case against Citigroup, in relation to the bank’…
Terra Firma covers EMI's Citigroup debts
According to the Wall Street Journal, EMI's parent Terra Firma has loaned £10 million to EMI so it does not default on payments on its $2.7 billion Citigroup loan.…
EMI really relying on Coldplay success in States
According to The Times, EMI's US market share has fallen to a 50-year low, with the label relying heavily on Coldplay's 'Viva La Vida' to recover.…
Citigroup keep EMI loan
US bank Citigroup is reportedly not planning to sell on its loan to Terra Firma's EMI purchase, after failing to find a decent deal for the over £2 billion debt.…
Hands delivers his vision
EMI boss Guy Hands has confirmed around 2000 jobs will go and that sales, marketing and distribution will merge into one division, with changes made over three months.…
Speculation grows over whether Terra Firma's EMI bid will succeed
Doubts are growing over whether Terra Firma will complete its EMI takeover, with reports saying only about 25% of shares are committed against a 90% requirement.…
More EMI Warner merger reports
The Sunday Times reports executives at EMI and Warner are working on merger structures, with banks approached, though an EMI-Warner deal faces possible European Commission scrutiny.…