Blackstone doesn’t intend to increase its latest offer to acquire Hipgnosis Songs Fund (HSF), the London-listed investment trust it first launched a takeover bid for on April 20. The private equity firm said in a regulatory filing Tuesday (June 25) that the financial terms of its June 3 offer “are final and will not be increased” unless a higher offer or possible offer materializes. The announcement appears intended to thwart any attempts by opportunistic investors to extract a higher offer from Blackstone. Analysis of shareholder data by The Financial Times shows that hedge funds known to trade on takeover targets hav
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