Hipgnosis Songs Fund Board Likes Blackstone’s ‘Possible’ $1.5 Billion Bid

Blackstone said on Saturday in what it called a “possible offer” that it was prepared to bid $1.24 per share, or roughly $1.5 billion, all-cash for the troubled music royalty fund, which represents a 8.7% premium over the stock’s last closing price. Blackstone’s bid comes two days after Nashville-basedand other artists has seen its share price plummet as its portfolio value was slashed and investor dividends were cut.

That proposed deal, made public on Thursday , valued each Hipgnosis share at £0.93 , a premium of roughly one third the fund’s prior-day closing price.Here’s What Patti Smith Thinks of Taylor Swift’s ‘The Tortured Poets Department’ Lyric Naming Her Peter Frampton Reacts to Rock Hall of Fame Induction, Reveals Who He Wants to Perform With During the CeremonyTaylor Swift Sells 1.4 Million Copies of ‘The Tortured Poets Department’ on First Day of Release in U.S.. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google

Source: Entertainment Trends (entertainmenttrends.net)

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