Businessweek Archives

Seagram Un Scotches A Deal


In Business This Week

SEAGRAM UN-SCOTCHES A DEAL

IS SEAGRAM FINALLY GOING TO BUY EMI? The British music giant's shares are up about 10% on rumors that a deal is coming, and Hollywood sources say talks between the two companies have picked up. EMI's price may have held back Seagram CEO Edgar Bronfman Jr. But low 1997 earnings pulled down EMI's share price by a third. EMI acknowledges that its chairman, Sir Colin Southgate, was in Los Angeles, headquarters of Seagram's Universal Studios, on Apr. 22--but for talks with EMI's U.S. executives.EDITED BY KELLEY HOLLAND


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus