Concord said its latest offer for Hipgnosis Songs Fund Ltd. is final, ending a bidding war and setting up the song catalog company to be sold to Blackstone Inc. Concord, which is backed by Apollo ...
Hipgnosis agreed late last month to a higher 1.56 billion US dollar (£1.25 billion) takeover by US private equity firm Blackstone in what marked the latest twist in the takeover tussle.
Blackstone looks set to emerge victorious in its battle for Hipgnosis Songs Fund, after rival bidder, Apollo-backed Concord, decided not to raise its bid. Despite competing fiercely to buy the ...
Now that Concord has refused to increase its offer, Blackstone looks set to acquire Hipgnosis, although it still needs approval from at least 75 per cent of the latter's shareholders. Hipgnosis ...
Blackstone has taken pole position ... The decision by Concord will in effect end the bidding war for Hipgnosis Songs Fund, which was put up for sale by its management after investors voted ...