Brief: Blackstone To Acquire Hipgnosis Songs Fund For $1.57 Bln

Hipgnosis Songs Fund

29/04/2024 07:42

April 29 (Reuters) - Blackstone  BX.N :
    * BLACKSTONE: BIDCO AND HIPGNOSIS SONGS REACHED AGREEMENT ON
TERMS
AND CONDITIONS OF A RECOMMENDED CASH ACQUISITION
    * BLACKSTONE- PROPOSED DEAL FOR EACH HIPGNOSIS SHARE: $1.30
IN
CASH
    * BLACKSTONE: HIPGNOSIS DIRECTORS INTEND TO RECOMMEND
UNANIMOUSLY
SHAREHOLDERS ACCEPT OR PROCURE ACCEPTANCE OF OFFER
    * BLACKSTONE: HIPGNOSIS DIRECTORS DECIDED UNANIMOUSLY TO
WITHDRAW
RECOMMENDATION OF CONCORD REVISED OFFER
    * BLACKSTONE:  ACQUISITION VALUES HIPGNOSIS' ENTIRE ISSUED,
AND TO
BE ISSUED, ORDINARY SHARE CAPITAL AT APPROXIMATELY $1,572
MILLION

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