Summary
MUSIC chain HMV today signalled a major return of cash to shareholders following its rejection of an Pounds 840 million takeover offer by venture capitalists.
The company claimed Permira's bid was too low and said it would consider a cash handout once it knows whether the Competition Commission will allow it to buy the Ottakar's chain of bookshops to add to its Waterstone's division.See the full content of this document
Extract
Hmv Tunes Up for a Handout
The Ottakar's deal is expecte...
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