Good news for fans of British record labels falling into the hands of shady private equity types - Terra Firma have managed to get commitments from enough EMI shareholders to ensure them over 90% of the company - the minimum amount they said they would need for the takeover to go ahead. So now the takeover can go ahead. Which is great news I'm sure.
Aug 1, 2007
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1 min read
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.