EMI Overture to a Duet?

A couple of old dance partners are back at it. After years of engaging in on-again, off-again merger discussions, EMI Group made a fresh overture on May 2 to the Warner Music Group (WMG). The offer: $28.50 in cash and stock to take control of the company that has been headed by Edgar Bronfman Jr. since early 2004. Just as quickly as the offer came in, the board of Warner Music, which is no longer affiliated with Time Warner (TWX), rejected it.

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