Wednesday, September 3, 2008

Suitors are favourite things of Rodgers & Hammerstein

The hills are alive with the sound of take-over offers for the Rodgers & Hammerstein Organisation - the privately owned music company which has a vast back catalogue of concert classics and show tunes.

Controlled by the descendants of composers Richard Rodgers and Oscar Hammerstein, the business is exploring strategic options including auctioning itself off, the New York Post reported yesterday.

More than half a dozen potential suitors are believed to have expressed interest. Bids are likely to top $250m (£138.5m), although the company's advisers are looking for something closer to $325m.

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