UPDATE 1-EMI buyer gets 85 pct of shares, extends deadline

(Reuters) - Terra Firma, which is offering 265 pence a share to buy the
British music company for 2.4 billion pounds ,
had a Sunday deadline to receive 90 percent of the shares as a
condition tied to its financing agreement for the deal with
adviser Citigroup .




EMI shares had slipped further from the offer price over the
last few days as investors worried the takeover might collapse
because of deterioration in credit markets. They closed up 1.1
percent on Friday at 252 pence.


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Licht revises up 2006/07 global sugar output

(Reuters) - German analyst F.O. Licht on Monday revised up its forecast for 2006/07 (Oct/Sep) world sugar production to 167.3 million tonnes against 152.6 million tonnes in 2005/06 and said output may rise even further in 2007/08.

In its previous estimate of the world balance, Licht put (Oct/Sep) 2006/07 world production at 161.8 million tonnes.


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ABN leans toward dropping support for Barclays: paper

(Reuters) - ABN AMRO declined comment.




The bank is expected to deliver a statement on the bids on Monday morning alongside its quarterly results, based on discussions at meetings of its supervisory and management boards on Friday.


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