Tag Archives: img-src
Shareholders Approve $7.2 Billion WaMu Bailout
New York (HedgeCo.Net) – A $7.2 billion bailout package was approved Tuesday by 94% of Washington Mutual Shareholders in a move that gives private equity firm TPG control of over 50% of the company, says the Seattle Times. Not that […]
Hedge Fund Eyes Trimming Hardee
New York Post- New York hedge fund Ramius took a bite out of CKE Restaurants Inc. – the owner of burger joints Hardee’s and Carl’s Jr. – with a scathing letter sent to CEO Andrew Puzder. Blasting him for the […]
Embattled UBS wraps up bumper rights issue
FRANKFURT (Reuters)- UBS has wrapped up a 16 billion franc rights issue, the Swiss bank’s second effort to resuscitate finances that have been ravaged by the global markets crisis. It is the latest in a line of major banks including […]
Lehman Brothers removes finance, operating chiefs
The Columbian- The hope at Lehman Brothers is that a management shakeup Thursday will contain the damage of a stunning quarterly loss – yet some on Wall Street fear this is one more step toward a more dramatic outcome for […]
Conseco rejects hedge fund proposal
Reuters – Conseco Inc on Thursday rejected hedge fund Steel Partners’ request to raise its shareholding in the insurance company to as much as 22 percent, saying the proposal could reduce its "financial flexibility." Conseco told Steel Partners in a […]
Bear Stearns passes into Wall Street history
Financial Times – Jimmy Cayne apologised for the first time to Bear Stearns shareholders and employees on Thursday as the investment bank he helped build into a scrappy powerhouse formally disappeared into Wall Street history as the biggest victim of […]
Activist hedge funds win first victory in France
Reuters- Activist hedge funds have struck their first victory in France, building on successes in Britain and the Netherlands, where their aggressive tactics have forced several companies to bend to their will. Centaurus Capital and Pardus Capital Management got their […]
UK fund tries new tactic in face of Japanese ban
Guardian Unlimited- The Children’s Investment Fund has bought shares in two major investors in the Japanese company J-Power, weeks after its attempt to double its stake in the electricity supplier was blocked by the Japanese government. The hedge fund – […]
TCI buys shares in Mizuho, Kajima in J-Power fight
Reuters- British investor The Children’s Investment Fund (TCI) said it had bought stakes in Mizuho Financial Group, Kajima Corp, and about eight other shareholders in J-Power, in order to raise pressure on the electricity wholesaler. Mizuho, Japan’s second-largest bank, and […]
Hedge funds urge CSX shareholders to elect their board slate
CNN Money- Two hedge funds urged shareholders of CSX Corp. on Tuesday to elect their minority slate of five board candidates, arguing that their nominees have more industry experience and a greater financial stake in the railroad operator. The hedge […]
