Terra Firma Capital Partners Ltd., a United Kingdom private-equity concern, said it owns more than a quarter of EMI Group PLC, and it again extended its £2.4 billion ($4.9 billion) bid, after potential suitors Warner Music Group Corp. and former EMI executive Jim Fifield said they had no plan to counterbid.
Terra Firma said it had secured 26.2% of shareholder acceptances as of Thursday. The offer has been extended for a fourth and final time, until July 29. In May, EMI, home to artists such as Coldplay, agreed to the offer from Terra Firma.
However, the offer has struggled as investors awaited a counterbid from Warner.
Source: http://online.wsj.com
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