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The EMI logo outside the London headquarters of the record company late Monday May 21, 2007, following reports of a takeover of the famous record label. EMI Group PLC, home to the Beatles and Coldplay, agreed to a 2.4 billion pound (US$4.7 billion; euro3.5 billion) takeover by a private equity group on Monday, but the deal raised speculation of an all-out bidding war for the struggling music group. EMI, which has long flirted with Warner Music Group Corp., said that Terra Firma's offer was the best among a number of proposals it received.However, analysts said that the 265 pence (US$5.23; euro3.89) per share offer for the company from private equity group Terra Firma Capital Partners could flush out a higher offer from Warner Music, already reportedly looking at EMI's books, or other potential bidders. EMI's shares soared on the news, which was made just before the closing bell on the London Stock Exchange, finishing 8.5 percent higher at 269 pence (US$5.30; euro3.94).(AP Photo/Alastair Grant)