BRIEF-Blackstone To Acquire Hipgnosis Songs Fund For $1.57 Bln

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April 29 (Reuters) - Blackstone BX.N:

BLACKSTONE: BIDCO AND HIPGNOSIS SONGS REACHED AGREEMENT ON TERMS AND CONDITIONS OF A RECOMMENDED CASH ACQUISITION
BLACKSTONE- PROPOSED DEAL FOR EACH HIPGNOSIS SHARE: $1.30 IN CASH
BLACKSTONE: HIPGNOSIS DIRECTORS INTEND TO RECOMMEND UNANIMOUSLY SHAREHOLDERS ACCEPT OR PROCURE ACCEPTANCE OF OFFER
BLACKSTONE: HIPGNOSIS DIRECTORS DECIDED UNANIMOUSLY TO WITHDRAW RECOMMENDATION OF CONCORD REVISED OFFER
BLACKSTONE: ACQUISITION VALUES HIPGNOSIS' ENTIRE ISSUED, AND TO BE ISSUED, ORDINARY SHARE CAPITAL AT APPROXIMATELY $1,572 MILLION

Further company coverage: BX.N

((Reuters.Briefs@thomsonreuters.com;))

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