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Last Updated: Friday, 13 July 2007, 07:27 GMT 08:27 UK
EMI bidder extends offer deadline
Lilly Allen, one of EMI's main artists
Warners may still make another bid for EMI
The private equity firm seeking to buy music group EMI has extended the deadline for its offer by one week.

Terra Firma said EMI shareholders now had until 19 July to decide whether to accept the 265p-per-share offer.

Terra Firma said that 3.82% of EMI shareholders had so far accepted the offer. Investors are thought to be waiting to see if a rival bid is made.

Last month, Warner Music said it had not yet ruled out making another attempt to buy EMI.

Warner, which had an earlier offer rejected, said that it was continuing "actively to consider an offer" for the UK music group.

Terra Firma's bid for EMI Group valued the company at 3.2bn including debt.


SEE ALSO
Warner hints at possible EMI bid
11 Jun 07 |  Business
Could EMI become No 1 bid target?
22 May 07 |  Business
Music giant EMI agrees takeover
21 May 07 |  Business
EMI 'opens its books to suitors'
18 May 07 |  Business
Cost-cutting success bolsters EMI
18 Apr 07 |  Business
EMI tunes up for finances revamp
18 Apr 07 |  Business

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