Quantcast
IB on Citi's offer to Hands

HOW LOW CAN THEY GO? Citi’s reported invitation to Guy Hands to buy EMI a second time for 1.6 billion has the rank and file at the company alternately laughing hysterically and quaking in their boots. Would Citi sell EMI to another potential buyer for the same price, and what is the bank’s exposure? It appears that Citi’s price tag to Hands has set a new low for the value of both EMI and WMG. BTIG’s Rich Greenfield has put a “sell” rating on the stock, with a target price of $4.50. “Why would anyone buy Warner with the EMI auction looming?” he asks. (1/27a)

HITS LIST IS HAVING
A HEAT WAVE
Pass the BBQ sauce. (7/3a)
TOP 20: A LIL MORE OF THE SAME
Like a broken record... (7/1a)
WATCH THIS
We aim to please. (7/3a)
BLACK MUSIC MONTH:
6 IN THE MORNIN'
Origin story of the real OGs (7/3a)
PRE-HOLIDAY PONDERING:
POP TOP EDITION
Have another Beer, we insist. (7/2a)
WHAT NEXT?
The biz ponders action after some reflection.
GRAMMY SPECULATION
100% guaranteed to be somewhat accurate, probably.
BLACK MUSIC MONTH
...continues.
TRUMP'S IN THE BUNKER
Just to inspect it, though.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)