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Blackstone mounts $1.5bn counterbid for Hipgnosis Songs Fund
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The private assets house, which also owns SONG investment adviser Hipgnosis Song Management (HSM), confirmed its $1.24 per share bid was the fourth proposal it had made to acquire the trust, and marked a «significant increase in value» over the $1.16 Concord offer. It argued the SONG board should work with the manager to «reach agreement on a unanimously recommended firm offer in an expeditious manner», a suggestion the board has noted it would be «minded to recommend». 'The drama may not be over yet': Apollo-backed offer could spark bidding war for Hipgnosis Songs Blackstone also ...
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