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Hipgnosis Songs shareholders approve $1.58bn Blackstone deal
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In a stock exchange notice today (9 July), the board said all resolutions were passed at a court and subsequent general meeting held on Monday (8 July), with 99.97% of votes cast in favour. The vote follows an agreement reached last month between Lyra Bidco, a wholly-owned Blackstone company, and the SONG board for an increased and revised recommended all-cash acquisition by the private equity giant. Under the agreement, each Hipgnosis shareholder will be entitled to receive $1.31 in cash for every share they hold, pushing the total consideration to just over $1.58bn. QuotedData's...
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