Round Hill Music shareholders give green light to $469m Concord takeover

Court and general meeting

Shareholders of Round Hill Music Royalty fund have overwhelmingly voted in favour of the $468.8m cash offer made by Concord Bidco to acquire the entire issued share capital of the trust.

The voting took place at a court and general meeting, both held yesterday (18 October), where 99.9% of votes were cast to approve the deal in both instances. Round Hill Music sets out full terms of takeover scheme The scheme required a majority of shareholders to vote in favour of the scheme, and shareholders representing around 69% of eligible votes took part to both meetings. As a result, the takeover scheme will need to be sanctioned by the court - which is expected to take place on 30 October - with the scheme becoming effective from 31 October 2023. Round Hill agreed the ta...