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Kepler Trust Intelligence
02 November 2022
The SONG portfolio's significance is not reflected by its wide discount to NAV…
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Bidding war for Hipgnosis steps up a notch
In a further development to the recent offers by Concord Chorus Limited and Blackstone Europe for the assets of Hipgnosis’s (SONG) over the past week ...
Concord Chorus calls Blackstone’s bluff and lifts Hipgnosis bid
The US music rights group defies the threat of legal action by Blackstone and ups its cash offer for Hipgnosis Songs to $1.25 a share, valuing the company at $1.51bn.
Concord matches Blackstone’s $1.5bn bid for Hipgnosis
US music rights group lifts its cash offer by 7.8% to $1.25 (101p) a share to retain the recommendation of Hipgnosis Songs' board.
Hipgnosis: Concord lifts its cash bid by 7.8% to beat Blackstone
US music rights group lifts its cash offer to $1.25 (101p) a share, just above Blackstone's offer of $1.24 and valuing the company at $1.51bn to retain Hipgnosis Songs' recommendation.
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