Blackstone increases its offer for Hipgnosis Songs Fund to $1.31/share, valuing the music rights owner at $1.58B; deal requires shareholder and Takeover Panel approval.
Blackstone raises its offer for Hipgnosis Songs Fund by $0.01 to $1.31 per share, valuing the music rights owner at $1.58 billion. The deal, which includes a change from a straightforward takeover to a "scheme of arrangement," would require approval from Hipgnosis shareholders and the UK's Takeover Panel. Hipgnosis owns music rights from artists such as Beyoncé, Shakira, and Red Hot Chili Peppers.
June 03, 2024
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