(Reuters) - "We want to be very realistic about what we would be buying and what we could do with the company, the base level of profitability and the growth becomes increasingly problematic," said Scott Sperling, co-president of Thomas H. Lee Partners, speaking at the Reuters Hedge Funds and Private Equity Summit in New York on Tuesday.
Britain's EMI rejected a 2.1-billion-pound , or 260 pence per share cash takeover proposal from Warner Music Group last month, saying the price was inadequate and not in the best interests of its shareholders.
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