Columbia Threadneedle ‘disappointed’ as BCPT accepts cash offer from Bidco
Follows a strategic review from the trust’s board
Follows a strategic review from the trust’s board
Bidco initially revised its offer for SONG on 3 June
The firm is now offering $1.25 per Hipgnosis share, topping the potential Blackstone offer by a single cent
Proposed deal values Hipgnosis at $1.4bn – a 32.2% premium to its closing price last night (17 April)
If approved, the deal would see the wealth manager transition to private ownership