EMI Group is expected to reject a potential £2.5 billion bid from private equity firm Permira as being too low, reports said today.
Permira could make an offer of 310 pence per share within days, but the music company - home to the likes of Kylie Minogue, Robbie Williams and Coldplay - is thought to want at least 350 pence per share, the Timesnewspaper reported.
EMI said last Tuesday it had received a bid approach, and a source said private equity firm Permira had made contact with the music company.