Blackstone Europe LLP Says Under Terms Of Revised Offer, Each Hipgnosis Shareholder Will Be Entitled To Receive $1.31 Per Share In Cash; Values Hipgnosis' Entire Issued, And To Be Issued, Ordinary Share Capital At About $1.584B
Portfolio Pulse from Benzinga Newsdesk
Blackstone Europe LLP has revised its offer for Hipgnosis, entitling each Hipgnosis shareholder to receive $1.31 per share in cash. This values Hipgnosis' entire issued and to be issued ordinary share capital at approximately $1.584 billion.
June 25, 2024 | 3:35 pm
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Blackstone Europe LLP has revised its offer for Hipgnosis, offering $1.31 per share in cash, valuing the company at $1.584 billion. This move could positively impact Blackstone's stock as it demonstrates strategic investment and expansion.
The revised offer by Blackstone Europe LLP for Hipgnosis at $1.31 per share, valuing the company at $1.584 billion, indicates a strategic investment. This could be seen as a positive move by investors, potentially boosting Blackstone's stock price in the short term.
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