Hipgnosis Songs Fund Limited (SONG.L)
| Previous Close | 103.60 |
| Open | 103.40 |
| Bid | 103.00 x 0 |
| Ask | 103.20 x 0 |
| Day's Range | 103.00 - 103.80 |
| 52 Week Range | 52.90 - 139.87 |
| Volume | |
| Avg. Volume | 13,008,735 |
| Market Cap | 1.248B |
| Beta (5Y Monthly) | 0.29 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.09 |
| Earnings Date | Jul 10, 2024 - Jul 14, 2024 |
| Forward Dividend & Yield | 0.05 (7.27%) |
| Ex-Dividend Date | Sept 28, 2023 |
| 1y Target Est | 1.02 |
BloombergConcord Poised to Increase Hipgnosis Bid to Top Blackstone
(Bloomberg) -- Music rights investor Concord increased its takeover bid for Hipgnosis Songs Fund Ltd. to $1.51 billion, trumping a rival proposal from Blackstone Inc.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience as Meta’s AI Push Spooks MarketHow to Get a Meeting With the UAE’s $1
ReutersHipgnosis' bidding war intensifies as Concord hikes offer for Shakira music owner
Concord, a Nashville-based independent music company, sweetened its bid late on Wednesday for Hipgnosis to $1.25 per share, or about $1.51 billion, slightly higher than Blackstone's proposal of $1.24 apiece. Shares of Hipgnosis were up 1.1% at 1.028 pounds ($1.28) as the fresh offer fuelled prospects of a higher counter-bid from the world's largest private equity firm.
