Shares of EMI Group Plc increased by as much as 7.1% after reports in the Times that Warner Music Group Corp were preparing a fresh bid to buy EMI.
The shares made their biggest gains 28th June and put the companies market value up to £2.1 billion.
The CEO of Warner Music, Edgar Bronfman Jr., visited EMI investors Fidelity and Aberdeen Asset Management in London, according to the Times. According to the Times Bronfman said that he was optimistic that the European Commission would grant regulatory approval.
A Warner Music Spokesman, declined to make a comment on the Times report.