Hipgnosis rival suitors ‘could not justify’ paying higher price than Blackstone-backed bid
$440m (£359m) bid for a fifth of the trust’s portfolio to be voted on this week
music royalties
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Stifel analysts warn of ‘breakdown’ between Hipgnosis board and manager as trust launches strategic review
Ahead of looming continuation vote
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AVI urges Hipgnosis shareholders to vote against ‘truly dreadful’ proposed portfolio sale
And will vote against continuation at 26 October AGM and EGM
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Hipgnosis Songs scraps dividend after hit to expected royalty payments
Retroactive payments plummeted 54% to $9.9m (£8.1m) following an industry-wide decision by US Copyright Royalty Board
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Round Hill Music announces timeline for £375m takeover
Agreement for sale to US-based Concord was announced on 8 September
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Round Hill Music Royalty trust to be sold for £375m
Shareholders will receive $1.15 per share (92p) if the transaction is completed