Hipgnosis Songs down as Concord maintains lower bid

Hipgnosis Songs Fund

09/05/2024 08:28

** Shares of music rights investor Hipgnosis Songs Fund
 SONG.L  down 2.1% to 102.4 pence 
    ** Apollo-backed Concord says it will stick with its offer
of $1.25 apiece for SONG, days after Blackstone  BX.N  outbid it
    ** The $1.51 bln offer from Concord was its second proposal
for the music rights investor as it battled BX; BX has offered
$1.57 bln or $1.30/shr 
    ** SONG shares up 42.4% YTD

 (Reporting by Eva Mathews in Bengaluru)
 ((Eva.Mathews@thomsonreuters.com;))