EMI has launched a review to determine whether recapitalization, a possible sale or an IPO are options. The company, which is owned by Citigroup, made a statement that there was no certainty that the process would result in a transaction, and that they would not disclose further development until their board had approved the strategic plan. EMI was acquired by Citigroup in February, which in turn announced a recapitalization of the company to reduce its debt by 65%, and provide over $484 million in financing.
http://www.emimusic.com/news/2011/emi-group-to-explore-strategic-alternatives
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