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.
LONDON BRIEFING: Hipgnosis Songs Fund backs new Blackstone 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.
London s FTSE 100 is called to open higher on Monday, with heady gains for US tech stocks on Friday brightening the mood in Europe and Asia at the start of the new week.
Focus this week will be on.
Hipgnosis Songs Fund Ltd on Thursday said it has agreed to a USD1.40 billion cash takeover from music rights acquirer Alchemy Copyrights, which trades as Concord Chorus Ltd.
Concord will pay USD1.16,.
London s FTSE 100 is called to open higher on Thursday, shaking off a miserable session for US tech shares overnight.
Despite the somewhat improved situation in the Middle East, stocks wobbled.