Warner Music Group is not out of the hunt for long-time interest EMI Group.

In a statement issued today, WMG suggested it would place a new bid on the table for the London-based major when it confirmed it "continues actively to consider an offer for EMI Group plc." Stock in EMI closed down 2 pence today to 271 pence ($5.33).

Any such offer, it said, "would be pre-conditional on appropriate anti-trust clearances being obtained (or the pre-conditions waived) but not subject to any other pre-condition."

It is WMG's first public comment on EMI since directors at the latter company on May 21 recommended a swoop from European private equity firm Terra Firma worth 265 pence ($5.21) per share.

That sum values the music major on an enterprise value basis at £3.2 billion ($6.3 billion), and values the entire issued and to be issued share capital of EMI at about £2.4 billion ($4.7 billion).

Well-placed sources suggest WMG would have to raise its bid to 285 pence-290 pence ($5.61-$5.70) per share to accommodate for the delay and risk anti-trust scrutiny would bring.

WMG admitted today that its announcement "does not amount to a firm intention to make an offer or pre-conditional offer and accordingly there can be no certainty that any offer or pre-conditional offer will be made."

It added, "A further announcement will be made in due course."