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0 0.000176662838971787 0.000309159968200659 -0.000176662838971913 -0.00247769631657984 -0.00256161116509148 -0.00340075965020762 -0.00273827400406327
Stock impact report

Concord Poised to Increase Hipgnosis Bid to Top Blackstone [BNN Bloomberg (Canada)]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Company Research Source: BNN Bloomberg
Concord is considering boosting its takeover bid for London-listed Hipgnosis to about $1.25 per share, from $1.16 per share, the people said. The Nashville-based company, whose bid is backed by Apollo Global Management Inc., could announce the revised proposal as soon as the coming days, according to the people. Hipgnosis — which owns song catalogs from Blondie, the Kaiser Chiefs and the Red Hot Chili Peppers — has been the subject of a bidding war in recent weeks. The company accepted Concord's bid of $1.16 per share earlier this month. Afterwards, Blackstone increased its proposal to $1.24 a share, prompting Hipgnosis to say it plans to recommend the buyout firm's proposal if it announces a formal offer. Deliberations are ongoing and Concord's plans could still change, the people said, asking not to be identified because the information is private. Representatives for Concord and Hipgnosis declined to comment. A spokesperson for Apollo didn't immediately respond to a request fo Show less Read more
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