Hipgnosis Songs Fund Limited

Equities

SONG

GG00BFYT9H72

Investment Management & Fund Operators

Real-time Estimate Cboe Europe Other stock markets 05:36:27 20/06/2024 pm IST			5-day change	1st Jan Change
102.4 ^GBX	+0.39%		+1.19%	+41.94%

04/06	Blackstone Sweetens Hipgnosis Offer to USD 1.58 Billion	CI
03/06	Global markets live: GSK, Walt Disney, Blackstone, Boeing, Microsoft...

Hipgnosis Songs Agrees to Improved $1.58 Billion Takeover by Blackstone

June 03, 2024 at 12:13 pm IST

By Ian Walker

Hipgnosis Songs Fund--home to the catalog of artists such as Neil Young, Shakira and Red Hot Chili Peppers--has agreed to an improved $1.58 billion takeover bid by Blackstone.

Under the deal, accepting shareholders will get $1.31 in cash for each share held, the companies said on Monday. This compares with $1.30 a share agreed to on April 29 and is a 49% premium to Hipgnosis' share price of 71 pence on April 17, the day before the company started the offer period.

The companies said that the increase partly reflects lower adviser fees than had previously been expected.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

06-03-24 0243ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	BLACKSTONE INC.	122.9 USD	+0.61%	-0.43%	9.33TCr
	HIPGNOSIS SONGS FUND LIMITED	102.4 GBX	+0.39%	+1.19%	156.95Cr

Latest news about Hipgnosis Songs Fund Limited

Blackstone Sweetens Hipgnosis Offer to USD 1.58 Billion	04/06	CI
Global markets live: GSK, Walt Disney, Blackstone, Boeing, Microsoft...	03/06
Blackstone Raises Bid for British Music Catalogue Giant Hipgnosis, Switches Offer to Scheme of Arrangement	03/06	MT
Hipgnosis Songs Fund agrees to raised offer from Blackstone	03/06	AN
London stocks open nearly 1% higher, eye European rate cut; GSK slumps	03/06	RE
Blackstone Further Sweetens Takeover Proposal for Hipgnosis Songs Fund	03/06	MT
Blackstone raises Hipgnosis offer by a cent	03/06	RE
Hipgnosis Songs Agrees to Improved $1.58 Billion Takeover by Blackstone	03/06	DJ
Blackstone set to sweeten Hipgnosis offer as part of revised bid, FT reports	03/06	RE
Concord withdraws buy offer for Hipgnosis after outbid by Blackstone	16/05	AN
Concord terminates $1.51 billion offer for Hipgnosis	16/05	RE
Music platform Epidemic Sound eyeing possible 2025 IPO, sources say	14/05	RE
Concord Chorus made an offer to acquire Hipgnosis Songs Fund Limited for $1.5115 billion .	14/05	CI
Blackstone victorious as Concord says Hipgnosis bid is final	09/05	AN
European Midday Briefing : BOE Seen Holding Steady; Future Rate Cut Timing Hints Eyed	09/05	DJ
Concord Chorus Says Sweetened Offer for Hipgnosis Songs Fund is Final	09/05	MT
Blackstone likely winner for Hipgnosis Songs as Concord maintains lower bid	09/05	RE
Concord says won't raise offer for Hipgnosis	09/05	RE
Concord Confirms Its Offer for Hipgnosis Will Not Be Increased	09/05	CI
Outperforming FTSE 100 spikes to another record	29/04	AN
European Midday Briefing : Fed Rate Decision, Earnings in Focus This Week	29/04	DJ
Blackstone Raises Hipgnosis Bid to £1.26 Billion in Takeover Battle	29/04	CI
Solid start to week for record-setting FTSE 100	29/04	AN
Hipgnosis Songs backs new bid as Blackstone eclipses Concord	29/04	AN
FTSE 100 continues record run boosted by Anglo American, AstraZeneca	29/04	RE

Chart Hipgnosis Songs Fund Limited

Duration

Period

More charts

Company Profile

Hipgnosis Songs Fund Limited is a Guernsey-based investment company. The Company is focused on building a diversified portfolio by acquiring catalogs that are built around hit songs. The Companyâs investment objective is to provide shareholders with an attractive and growing level of income, together with the potential for capital growth, from investment in songs and associated musical intellectual property rights. Its investment policy is to diversify risk through investment in a portfolio of songs and associated musical intellectual property rights. It seeks to acquire 100% of a songwriterâs copyright interest in each song, which would comprise their writerâs share, their publisherâs share and their performance rights. Its subsidiaries include Hipgnosis Holdings UK Limited, Hipgnosis SFH I Limited, RubyRuby (London) Limited, Hipgnosis Songs Group LLC, PB Songs Ltd and Hipgnosis SFH XX Limited. Hipgnosis Song Management Ltd (HSM) acts as the Companyâs investment adviser.

Sector

Investment Management & Fund Operators

Calendar

03/07/2024 - Q4 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1.02

Average target price

Consensus

Annual profits - Rate of surprise

Company calendar

Sector Other Investment Management & Fund Operators

	1st Jan change	Capi.
HIPGNOSIS SONGS FUND LIMITED	+41.94%	156.95Cr
BLACKROCK, INC.	-3.47%	12TCr
UBS GROUP AG	+5.75%	10TCr
APOLLO GLOBAL MANAGEMENT, INC.	+25.89%	6.68TCr
BROOKFIELD CORPORATION	+4.03%	6.25TCr
BANK OF NEW YORK MELLON CORPORATION (THE)	+12.74%	4.39TCr
AMERIPRISE FINANCIAL, INC.	+15.07%	4.34TCr
3I GROUP PLC	+28.85%	3.8TCr
T. ROWE PRICE GROUP INC.	+9.17%	2.63TCr
STATE STREET CORPORATION	-6.57%	2.18TCr

Other Investment Management & Fund Operators