This will be a bad day for Rolf & Andy, but also for Eric & Edgar.

Thank God, I sold my EMI shares ....

By Steve Goldstein
Last Update: 5:44 AM ET Jul 13, 2006

EMI shares tumbled 9% in London, following a European court annulling the European Commission's approval of Sony-BMG's recorded music venture. EMI has been in talks with Warner Music


Stay tuned, more "hits" to follow when America opens ...

Thu Jul 13, 2006 9:50am ET

NEW YORK, July 13 (Reuters) - Warner Music Group (WMG.N: Quote, Profile, Research) shares fell more 12 percent to $26 on Thursday in early composite trading in reaction to the news that a European court has annulled the European Union's approval of a 2004 merger between Sony Music and BMG.

The deal throws doubt on merger discussions between the Warner Music and its larger rival EMI Group (EMI.L: Quote, Profile, Research).

Both companies have bid around $4.6 billion for each other in the last few weeks.