IN BRIEF: Hipgnosis Songs Fund seeks to fix "conflict of interest"
Hipgnosis Songs Fund Ltd - investor in music rights - Will call extraordinary general meeting of shareholders to approve a proposal to compensate potential bidders for the fund's assets. The board wants to be able pay a fee of up to GBP20 million to prospective buyers offering terms recommendable to shareholders by the board. The fee is intended to protect bidders against due diligence and acquisition costs so that they are "not deterred from seeking to engage with company" over a possible offer. Read More