Access Industries, Inc. Completes Acquisition of Warner Music Group Corp.
2011年7月21日 - 12:46AM
Marketwired
Warner Music Group Corp. (NYSE: WMG) (the "Company") today
announced the completion of its acquisition by Airplanes Music,
LLC, and Airplanes Merger Sub, Inc., affiliates of Access
Industries, Inc. ("Access"), for $8.25 per share in cash.
The transaction was approved by the Company's stockholders at a
special meeting of the stockholders held on July 6, 2011. The
Company's common stock will be delisted from the New York Stock
Exchange.
Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal
advisor to the Company. The independent directors of the Company's
Board of Directors were advised by an independent legal advisor,
Wachtell, Lipton, Rosen & Katz. Goldman, Sachs & Co. and
AGM Partners LLC acted as financial advisors to the Company.
Debevoise & Plimpton LLP acted as legal advisor to Access.
About Warner Music Group Corp. With its
broad roster of new stars and legendary artists, Warner Music Group
is home to a collection of some of the best-known record labels in
the music industry including Asylum, Atlantic, Cordless, East West,
Elektra, Nonesuch, Reprise, Rhino, Roadrunner, Rykodisc, Sire,
Warner Bros. and Word. Warner Music International, a leading
company in national and international repertoire, operates through
numerous international affiliates and licensees in more than 50
countries. Warner Music Group also includes Warner/Chappell Music,
one of the world's leading music publishers, with a catalog of more
than one million copyrights worldwide. For more information on
Warner Music Group, visit the Company's website at www.wmg.com.
About Access Industries, Inc. Access
Industries, Inc. is a privately-held, U.S.-based industrial group
with long-term holdings worldwide, whose industrial focus spans
three key sectors: natural resources and chemicals;
telecommunications and media; and real estate. Access' holdings in
the digital media sector currently include significant stakes in
Perform Group (the online sports broadcaster), Acision (the leading
mobile broadband and value added services provider), ICEnet (mobile
broadband services provider in Scandinavia), ViKi (the
international video site, translating the best of TV and movies
into over 150 languages) and Mendeley Research Networks (the social
Web application for sharing research papers, discovering research
data and collaborating).
Forward-Looking Statements: This
communication includes forward-looking statements that reflect the
current views of the Company about future events and financial
performance. Words such as "estimates," "expects," "anticipates,"
"projects," "plans," "intends," "believes," "forecasts" and
variations of such words or similar expressions that predict or
indicate future events or trends, or that do not relate to
historical matters, identify forward-looking statements. All
forward-looking statements are made as of today, and we disclaim
any duty to update such statements. Our expectations, beliefs and
projections are expressed in good faith and we believe there is a
reasonable basis for them. However, we cannot assure you that
management's expectations, beliefs and projections will result or
be achieved. Investors should not rely on forward-looking
statements because they are subject to a variety of risks,
uncertainties, and other factors that could cause actual results to
differ materially from our expectations. Please refer to our Form
10-K, Form 10-Qs and our other filings with the U.S. Securities and
Exchange Commission concerning factors that could cause actual
results to differ materially from those described in our
forward-looking statements.
Contacts: For the Company: Media Contact: Will Tanous
(212) 275-2244 Email: Will.Tanous@wmg.com Investor Contact: Jill
Krutick (212) 275-4790 Email: Jill.Krutick@wmg.com For Access
Industries: Brunswick, New York: Stan Neve and Ashley Zandy + 1
212-333-3810 Brunswick, London: Andrew Garfield and James Olley +
44 207 404 5959
Warner Music Crp (NYSE:WMG)
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