How High Can Hipgnosis Songs Fund Bidding Go? Some Investors Think Higher ...Middle East

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How High Can Hipgnosis Songs Fund Bidding Go? Some Investors Think Higher
Concord and Blackstone are in a bidding war to acquire the equity of Hipgnosis Songs Fund (HSF). On Wednesday (April 24), Concord bid $1.25 per share for HSF’s share capital, beating Blackstone’s offer of $1.24 per share (1.00 GBP), or $1.5 billion, announced on Sunday (April 21). In response to Concord’s latest offer, Blackstone said on Thursday (April 25) that it was “considering its options.” Concord had opened with a bid of 0.93 pounds ($1.14) per share, equal to $1.4 billion, on April 18.   Some investors are betting the bidding will go well above the current offers. On Tuesday, shares of HSF rose as high as

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