Investment firm Irenic Capital Management has submitted an acquisition offer to music copyright company Reservoir Media Inc., proposing to acquire at a price of $10 to $11 per share.

According to the terms of the offer, this transaction values Reservoir Media Inc. at approximately $1.1 billions to $1.2 billions in total, including debt. If the deal is completed, it will become one of the most influential mergers and acquisitions in the music copyright sector in recent years. Currently, Reservoir Media Inc. has not made any public response to this acquisition proposal. Market analysts point out that the offer represents a certain premium over the company's recent stock price, reflecting the acquirer's recognition of the long-term value of music assets.