The board of the Round Hill Music Royalty fund (RHM) has published the full disclosure of its $468.8m takeover offer by Concord and timetable of events.
In an RNS release today (25 September), the board outlined the full details of the offer along with a timeline of events if all goes according to plan. Concord entered an agreement with the trust on 11 September to take over the company, which according to the latest update, RHM's board expects to be completed by 31 October 2023. Prior to this, RHM shareholders will need to vote in favour of the scheme at a court meeting and a general meeting, both on 18 October. Round Hill Music Royalty fund agrees to $470m takeover offer The board urged shareholders to vote in favour of the de...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes