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September 2010 
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Citigroup requested debt-for-equity swap in EMI negotiations |
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(18 December 2009)
Citigroup attempted to take control of struggling music publisher EMI Group just prior to Terra Firma, which owns EMI, launched legal action against the bank. This was reported in the Financial Times, which cites three sources familiar with the negotiations.
Two of the people told the newspaper that Citigroup wrote to Terra Firma in September, proposing a debt-for-equity swap that would...
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