Tag Archives: asset-management
Shareholder Sues CSX, Claims Hedge Funds Were to Blame
New York (HedgeCo.Net) – CSX is finding themselves in the middle of another battle, this time with a shareholder who is suing the railroad company along with hedge funds TCI and 3G Capital Partners. Shareholder Deborah Donoghue is seeking the […]
Hedge funds fear bankruptcy after Porsche squeeze
Times Online – Hedge funds were heading for a full-blown row with the German Government last night as it emerged that funds sitting on tens of billions of euro losses after short-selling Volkswagen could go bankrupt. Porsche, VW’s biggest shareholder, […]
Epic Software turns down hedge fund buyout offer
Forbes – Business software company Epicor Software Corp. said Monday it will not pursue a $566 million buyout offer from shareholder Elliott Associates LP. Hedge funds Elliott Associates and Elliott International LP offered to buy Epicor Oct. 1 for $9.50 […]
Hedge Fund Rebukes Republic Services
Wall Street Journal – Hedge fund Elliott Associates LP made public a letter to Republic Services Inc. in which it said the company’s board wasn’t doing its duty by fully considering the raised $6.73 billion takeover bid from Waste Management […]
Hedge funds force Orient Express to hold meeting
Business Standard – Tatas’ voting powers in Bermuda-based hotel firm to rise if shareholders approve reclassification of shares. The Tata group-controlled Indian Hotels Company’s voting power in Orient Express Hotels (OEH) will increase if the shareholders vote for annulling the […]
Top Woolworths investor says no to GBP50m takeover offer
Times Online – Woolworths’ biggest shareholder has thrown his weight behind management in rejecting Malcolm Walker’s £50m takeover approach, while refusing to deny that he is planning his own bid for the struggling retailer. Iranian property tycoon Ardeshir Naghshineh, who […]
Small payback belies big impact of 2003 mutual-funds
Seattle Times – Five years ago, the mutual- fund world was rocked by the biggest scandal in its 80-year history. Fund companies gave some customers trading privileges that weren’t open to everyone; those special interests — notably some hedge funds […]
Harbinger Hedge Fund Picks Next Battle
New York (HedgeCo.Net) – Harbinger Capital Partners is no stranger to aggressively seeking strategic changes within companies in which they invest. This month, it’s Harbinger vs. Cleveland-Cliffs Inc. The mining company is urging shareholders to reject a bid by the […]
Swedish investor Cevian Capital buys shares in Daimler
Forbes – Swedish investor Cevian Capital is acquiring shares in Daimler AG in an apparent effort to become a significant shareholder in the German carmaker, Sueddeutsche Zeitung said, citing an unnamed hedge funds manager source. It said financial sources consider […]
Hedge fund may increase stake in Alcoa
Pittsburgh Tribune-Review- Activist shareholder Highfields Capital Management LP has alerted Alcoa Inc. it may increase its stake in the aluminum maker to as much as 8 percent, a move that would make the Boston-based hedge fund the company’s largest shareholder. […]
BlackRock details amended agreements with Merrill
Reuters- U.S. asset manager BlackRock Inc gave details on Tuesday of the revised agreements it has struck with top shareholder Merrill Lynch & Co Inc that, among other things, try to protect BlackRock’s interests if Merrill’s structure changes substantially. Merrill […]
