Hipgnosis Songs Fund Ltd on Monday backed a USD1.57 billion takeover offer from Blackstone Inc, trumping a previous offer from Concord Chorus Ltd, as the pursuit for the music rights publisher took.
Hipgnosis Songs Fund Ltd on Wednesday said it had reached an agreement on the terms of an increased takeover offer from music rights acquirer Alchemy Copyrights, which trades as Concord Chorus.
TOP NEWS: Concord looks to thwart Blackstone with raised Hipgnosis bid lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
Hipgnosis Songs Fund Ltd s investment adviser, Hipgnosis Song Management, on Monday hit back against claims that it was to blame for the many issues affecting the company.
HSM said it had repeatedly.