KKR-backed BMG acquires Chrysalis for £107m

Chrysalis previously turned down a £104m takeover offer from EMI in 2008. BMG will be paying 160 pence per share, a 45.5% premium over the 110 pence closing price on the last trading day before Chrysalis announced the takeover plans.

Founded in 1969, Chrysalis is an independent music publishing company based in London. The group operate in the areas of music publishing, copyright ownership, artist management and entertainment products distribution. Chrysalis' catalogue spans five decades and includes artists such as Kylie Minogue, Jethro Tull and Cheryl Crow.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

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