Summary
MUSIC giant EMI is preparing to increase its offer for Warner Music with a proposal that would see it boost the cash element of its bid and put a value on Warner of about $4.4 billion (Pounds 2.47 billion).
The new offer will be a modest increase on the one first tabled by EMI that was last week rejected by the Warner board, led by chairman Edgar Bronfman.See the full content of this document
Extract
Emi to Raise Warner Offer
EMI executive chairman Eric Nicoli is expected to raise his offer from $28.50 a share...
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