Six years after going public on the London Stock exchange, a majority of Hipgnosis Songs Fund shareholders voted on Monday (July 8) to sell the fund to Blackstone for $1.6 billion, according to a regulatory filing. According to the filing, 99.97% of shares voted voting in favor of selling to the private equity giant–59.21% of eligible voting shares participated in the vote. The vote ends a roller coaster year for shareholders and the fund’s board, which initiated the search for external buyers to appease investors who, frustrated by the fund’s low stock price and the cancellation of its dividend, voted against con
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