Hipgnosis and Bidco boards move one step closer towards revised acquisition deal
Bidco initially revised its offer for SONG on 3 June
Bidco initially revised its offer for SONG on 3 June
JOHCM’s share disposal reduces ‘irrevocable undertaking’ support bid down to 23.1%
Proposed deal values Hipgnosis at $1.4bn – a 32.2% premium to its closing price last night (17 April)
The trust’s share price has collapsed by 65% from £1.61 to 56p over the last year