An UMG-EMI Merger Objection

OBJECTIONABLE: Universal Music Group has received a “Statement of Objections” from European Union regulators over the company’s impending deal to acquire EMI’s recorded music division, which is part of the Commission’s customary process when considering the anti-trust implications of particular mergers. A UMG spokesperson responded: “We are preparing a detailed response to the Commission's statement which will address the concerns outlined in this procedural document. We will continue to work closely with the Commission and look forward to securing regulatory clearance.”? European regulators are facing a Sept. 6 deadline to approve or deny the deal, with a Senate Subcommittee hearing on the subject taking place on Thursday (6/21) on Capitol Hill. (6/19p)