Re: [ARSCLIST] EMI is NOT about to be bought by a private-equity firm

[David Lennick <dlennick@xxxxxxxxxxxx>]

Steve Abrams wrote:
> Wrong!  The bid from Terra Firma was decisively rejected by EMI 
> shareholders.  It was only taken up by 3.6% of shareholders.  There is 
> likely to be a new bid from Warners and that may well be successful.  
> Don't you read the business news?
>
> SA

Just read in today's paper that Warner's is NOT going to bid.

dl
> ----- Original Message ----- From: "Tom Fine" <tflists@xxxxxxxxxxxxxxxxxxx>
> To: <ARSCLIST@xxxxxxxxxxxxxxxx>
> Sent: Thursday, July 19, 2007 2:03 AM
> Subject: Re: [ARSCLIST] 78s, SoundExchange, & SaveNetRadio-Tom & Mal
>
> I would hope, given that all but EMI of the major record companies are
> > publicly-traded (EMI is about to be bought by a private-equity firm), 
> > that the dealings of their industry association is aimed at maximum 
> > long-term sustainable profits for the companies, and killing off a 
> > source of revenue is not good business.
> >
> > -- Tom Fine