More Activity EMI As Execs Summoned To London

HITS writes: "…there’s
word from inside the company of a sudden flurry of activity, with
various executives being summoned back to London and staffers being
told to cut back dramatically on
expenditures of all kinds."

"The situation has caused deal negotiations between EMI and (hot producer/exec) Jermaine Dupri
to hit a stalemate…"

"Meanwhile,
in London, numbers crunchers are furiously crunching away, strongly
suggesting that a proposal to buy the company is being hammered out.
Once a number is made public, a chain reaction is likely to take place
within the private-equity sector, with virtually every major player
stepping forward to kick the tires…" (more)