ADVFN - Advanced Financial Network.
HOME» NYSE » U » UVV Stock Price » UVV Stock News

Universal Share News

 Universal Corp. Stock Price
UVV Stock Price
 Universal Corp. Stock Chart
UVV Stock Chart
 Universal Corp. Stock News
UVV Stock News
 Universal Corp. Company Information
UVV Company Information
 Universal Corp. Stock Trades
UVV Stock Trades

Universal Won't Seek Oral Hearing with EU Over EMI Case - Sources

By Vanessa Mock BRUSSELS--Universal Music Group won't seek an oral hearing with the European Union regulators over its proposed acquisition of the recording arm of EMI, people close to the matter said Thursday. The music giant is expected to submit its response to a raft of concerns from the European Commission Thursday and continue its dialogue with the case team through the "unambiguous written format," a person familiar with the situation said. "Given the complexities of the case, it was felt it was not sensible to go for an oral hearing," the person said. People who have followed the proposed acquisition had expected Universal, which is owned by Vivendi SA (VIV.FR), to seek the closed-door hearing to challenge concerns set out by the commission in a document nearly 200 pages long. Regulators have expressed serious misgivings over the market power the new entity would wield, both in the area of physical and digital music sales, in a formal written complaint. "UMG is submitting a full and detailed written response to the European Commission and will continue to engage constructively with the Commission to satisfy any remaining concerns," the company said. The company has until July 18 to put forward concessions, although that deadline could be extended to Aug. 1. Write to Vanessa Mock at vanessa.mock@dowjones.com

Stock News for Universal (UVV)
DateTimeHeadline
11/15/201306:57:25Millennium Management 3Q 13F: Largest Eliminations
11/15/201306:57:17Millennium Management 3Q 13F: Largest Purchases
11/15/201306:57:17Millennium Management 3Q 13F: Largest Sales
11/15/201306:57:17Millennium Management 3Q 13F: Largest Eliminations -2-
07/05/201206:47:21Universal Won't Seek Oral Hearing with EU Over EMI Case - Sources
08/06/201013:45:48Tobacco Cos Universal, Alliance One Settle Bribery Charges

Universal and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad