LONDON (Reuters) - Shares in EMI Group gained as much as 7.1 percent on Wednesday following a report that Warner Music Group was preparing a new bid to buy the world's third largest music company.
The Times, citing unnamed investors, said Warner Music's Chief Executive Edgar Bronfman had targeted the British group's shareholders and emphasised the benefits of a future tie-up during a visit to London earlier this month.
"He is not thought to have discussed a specific future bid for EMI," the report said.
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