U.K. to review bids for Northern Rock

Article Abstract:

UK regulators are reviewing proposals for assuming leadership of mortgage bank Northern Rock PLC. Interested parties include US private equity company J.C. Flowers and Company L.L.C., a consortium headed by Virgin Group Ltd., and a firm led by former UBS Ag executive Luqman Arnold. The UK Treasury and Bank of England have provided emergency funding to Northern Rock, which may need to continue even if a deal is made.

Strategy & planning, Government expenditures, Mortgage Bankers, Real Estate Credit, Mortgage Bankers and Brokers, Mortgage Bankers & Brokers, Mortgage and Nonmortgage Loan Brokers, United States, Planning, Mortgage banks, Northern Rock PLC, Company business planning, Government finance, Virgin Group Ltd., JC Flowers & Company L.L.C.

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EMI buyout approach raises chance of breakup

Article Abstract:

EMI Group PLC of the United Kingdom has received an acquisition bid offer from Permira Advisers Ltd. also of the United Kingdom valued at approximately 2 billion Pounds ($3.9 billion). Shares in the recording giant are up by 10 percent to 289.5 Pence, giving the company a valuation of approximately 2.3 billion Pounds. EMI Group PLC is the third largest music company in the world.

Prerecorded records and tapes, Sound recording industry, Recording industry, EMI Group PLC, Financial report, Permira Advisors

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