Blackstone Group proposes enhanced takeover bid of $1.24/share for Hipgnosis
LONDON, UK: Blackstone Group has put forth a lucrative fourth proposal to acquire Hipgnosis, offering $1.24 per share in cash. This offer, termed the “Fourth Proposal,” represents a significant increase from the previous $1.16 per share bid by Concord Chorus. Should Blackstone proceed with a firm intention to make an offer under Rule 2.7 of…