EMI rejects fresh Warner takeover bid
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EMI, the struggling British music company, said Friday that it had rejected an informal takeover bid by US rival Warner Music Group, claiming the cash offer worth 2.08 billion pounds (3.07 billion euros, 4.05 billion dollars) was &quot;inadequate.&quot;
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U.S. Warner Music Group  has bid  2.5 billion pounds (&#36;4.6 billion) for Britain&#039;s EMI Group Plc   in an attempt to take control of the company that has  been pursuing it, the Financial Times said on Wednesday.
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Britain's EMI said it had received a bid  approach from U.S. rival Warner Music, the latest twist in a  seven-year battle in which the two music groups have tried to  buy each other.
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Warner Music is still considering its position on Britain's EMI and is more likely than not to make an improved offer by early next week, two sources familiar with the situation told Reuters on Monday.
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Scottish and Newcastle said Thursday it had rejected a new takeover bid from Danish group Carlsberg and Dutch peer Heineken that was worth 7.4 billion pounds.
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Warner Music Group Corp.   said on Wednesday any takeover offer it might make for  Britain's EMI Group Plc  would probably be all cash.
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UK music group EMI rejects a Â£2.1bn takeover from Warner Music as too low.
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EMI Group Plc , the world's  third-largest music company, said it has dropped plans to buy  smaller rival Warner Music  "for the time being,"  sending its shares down as much as 7 percent on Thursday.
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Warner Music Group has approached Britain's EMI about a possible bid despite uncertainty over whether it would win regulatory approval, in the latest twist in a seven-year tit-for-tat takeover battle.
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EMI Group PLC, beset by profit warnings and an accounting scandal in Brazil, was thrown a potential lifeline yesterday with a possible new takeover bid by a former suitor, Warner Music Group.
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Warner Music Group Corp.  said  on Tuesday it decided against bidding for British rival EMI  Group Plc , two days before a deadline to submit an  offer loomed.
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EMI Group, the struggling British music company, has said that it has received a new takeover approach from US rival Warner Music.
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Warner Music rejects Apple's call for the removal of copy protection software from music downloads.
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Everton said it rejected bids from Premiership soccer rivals Manchester United and Newcastle for England forward Wayne Rooney. ``Newcastle United submitted an increased offer for Wayne
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Everton Football Club have rejected an offer of Â£20million from Newcastle United Football Club for Wayne Rooney - although they may return with an improved offer.
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Warner Music Group has decided not to make an offer for British rival EMI Group, the company said in a statement on Tuesday, but left open the possibility of a bid in the next six months.
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Warner Music's  decision to approach EMI Group  may strike a sour note for music rivals Sony  and BMG  as they try to win approval from the European Commission for their own merger.