EMI BIDS RANGE FROM $3 BLN TO $4 BLN-FT

Bids for EMI [LNDONE.UL] suggest that the British music company could fetch more than $4 billion (2.5 billion pounds), the Financial Times said on Wednesday.

The FT said, citing people familiar with the matter, that first round bids from more than 10 groups had spanned a range from just over $3 billion to closer to $4 billion.

A purchase price of about $4 billion would allow Citigroup (C.N) to recoup about three-quarters of the money it lent to Guy Hands' ill-fated private equity buyout in 2007.

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