Hipgnosis Songs Fund Board Likes Blackstone’s ‘Possible’ $1.5 Billion Bid ...Middle East

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Hipgnosis Songs Fund’s board of directors said on Monday that it would support a takeover bid from Blackstone if the private equity giant officially files its $1.5 billion offer for the music royalty fund. Blackstone said on Saturday (April 20) in what it called a “possible offer” that it was prepared to bid $1.24 per share, or roughly $1.5 billion, all-cash for the troubled music royalty fund, which represents a 8.7% premium over the stock’s last closing price. Blackstone’s bid comes two days after Nashville-based Concord Music offered $1.4 billion. Related

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Last updated : 22 April 2024 clock 02:41 PM

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Hipgnosis Songs Fund Board Likes Blackstone’s ‘Possible’ $1.5 Billion Bid ...Middle East

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