What now for EMI US as Terra Firma takes charge?
With Eric Nicoli out and Roger Faxon in, questions remain over the future of EMI North America chief Roger Ames following Terra Firma's takeover.…
Terra Firma
86 posts
Departing Eric Nicoli optimistic about EMI's future under Terra Firma
Outgoing EMI chief Eric Nicoli has told staff the company is in safe hands under new owners Terra Firma, and will stay on as an adviser.…
Eric Nicoli to step down from EMI as Terra Firma tightens grip
EMI chief Eric Nicoli is to step down as Terra Firma appoints Chris Roling and Ashley Unwin to the EMI board, with CFO Martin Stewart also leaving and Roger Faxon remaining.…
EMI to de-list from London Stock Exchange after Terra Firma takeover
EMI expects to de-list from the London Stock Exchange on 18 Sep after Terra Firma's takeover became unconditional, with four board members resigning.…
EMI chairman safe for now
Terra Firma has denied rumours that EMI chairman Eric Nicoli will be replaced, saying no decisions will be taken until it takes control in September.…
ERA asks Terra Firma for clarity
The Entertainment Retailers Association has urged Terra Firma to clarify its plans for EMI now its takeover can proceed, citing uncertainty across the industry.…
Terra Firma secures EMI takeover
Terra Firma has secured commitments from enough EMI shareholders to hold over 90% of the company, the minimum needed for its takeover to proceed.…
Universal and Terra Firma extend takeover offers
Terra Firma and Universal Music Group have both extended their takeover deadlines, with Terra Firma securing commitments for about 85% of EMI and Universal reaching 50.5% of Sanctuary.…
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.…
Terra Firma have a quarter of EMI
Terra Firma says it has secured 26.19% of EMI's shares and extended its 265p offer to 29 July, but still falls short of the 90% needed for the takeover.…
Fifield pulls out of EMI takeover race
Jim Fifield and his Bidco partners have withdrawn their interest in EMI, leaving Terra Firma's 265p per share offer as the main option, after Warner Music also stepped aside.…
Warner confirm they won't counter-bid against Terra Firma for EMI
Warner Music says it will not bid for EMI at this time, but reserves the right to reconsider if a party other than Terra Firma, such as Jim Fifield, bids.…