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Latest Business News

EMI Group Confirms Takeover Approach

Tuesday, February 20, 2007 4:46:57 AM
By ROBERT BARR

LONDON (AP) - The long courtship between EMI Group PLC and Warner Music Group is on again. EMI confirmed Tuesday that it had received an approach from Warner about a possible bid.

"There is, however, no proposal currently for the EMI board to consider," the company said in a statement to the London Stock Exchange.

EMI shares rose 7.2 percent in early trading to 237.5 pence ($4.63).


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