Hipgnosis shareholders approve $1.58bn sale to Blackstone
99.97% of votes cast were in favour of the deal
Hipgnosis Songs Fund
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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Trust’s board has recommended the bid and withdrawn support for Concord Music’s offer
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Stifel: Concord Music ‘calls Blackstone’s bluff’ over call option
Analysts said the bid may test the strength of HSM’s call option
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Investec: ‘Impossible’ for Hipgnosis board to keep HSM as its investment adviser
Research house has retained its ‘buy’ rating
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FE Fundinfo: March top 10 dominated by gold funds
Commodities and natural resources on top for sector average
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Shot Tower Capital confirms Hipgnosis valuation amid damning due diligence report
Also concludes HSF held a ‘conflicted position’ when recommending the sale of 29 catalogues to shareholders
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Hipgnosis investment adviser denies indemnity request
Hipgnosis Songs to file Part 20 Claim in High Court to seek full indemnity
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Hipgnosis Songs Management refuses to scrap call option as row continues
Bidder incentive fee vote comes amid the board’s allegations of ‘cherry-picking’ by Hipgnosis Songs Capital