Hipgnosis Songs Fund Agrees $1.4 Billion Sale to Concord Chorus
After a disastrous couple months, Hipgnosis Songs Fund (HSF) has agreed to a $1.402 billion takeover from rival Concord Chorus. In a statement issued early Thursday (April 18) to the London Stock Exchange, the deal values each Hipgnosis share at £0.93, a premium of roughly one third the royalty fund’s shareprice at the close of trading on Wednesday. “The board is pleased to announce and unanimously recommend this US$1.4 billion […]