Blackstone hits back in Hipgnosis bidding war with £1.26bn counteroffer
Trust’s board has recommended the bid and withdrawn support for Concord Music’s offer
Concord CHorus Limited
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Concord increases Hipgnosis bid to $1.51bn
The firm is now offering $1.25 per Hipgnosis share, topping the potential Blackstone offer by a single cent
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Concord to buy entire issued share capital of Hipgnosis
Proposed deal values Hipgnosis at $1.4bn – a 32.2% premium to its closing price last night (17 April)