The Hipgnosis Songs Fund Board Has a Plan to Attract Bidders & Satisfy Shareholders ...Middle East

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The Hipgnosis Songs Fund Board Has a Plan to Attract Bidders & Satisfy Shareholders
Hipgnosis Song Fund’s board of directors wants a workaround to the call option that gives the investment advisor, the Merck Mercuriadis-led Hipgnosis Song Management, the ability to purchase the company’s music catalogs if its contract is ended. After consulting with shareholders who own more than 60% of outstanding shares, Hipgnosis Songs Fund’s board of directors explained in a regulatory filing on Thursday (Jan. 18) that Mercuriadis’ call option was “one of the key themes” of concern. Shareholders believe the call option deters third parties from making bids for the company’s music assets and “depresses the potent

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