Fourth time lucky?

Like a scratched record, EMI says it has received a bid approach - again. This follows three mooted offers over the past 12 months. Each of these was worth less than the previous one. Each of them came to naught. And each time EMI’s share price lurched lower following board rejection of the offer. Yet this time it could be different. The big change is that Eric Nicoli, the chief executive, is in a poor position simply to say no. His reputation is not in great shape after rejecting three approac...