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Trust’s board has recommended the bid and withdrawn support for Concord Music’s offer
Trust’s board has recommended the bid and withdrawn support for Concord Music’s offer
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)