Tag Archives: takeover


Porsche offices raided in share probe

August 21, 2009 : Permalink

First Post – German prosecutors are investigating executives at the sportscar firm over allegations of share-manipulation. Porsche denied any disclosure irregularities but many hedge funds and investment management firms were left wrong-footed after it made a shock announcement that it […]

Perry hedge fund settles with SEC over Mylan stake

July 22, 2009 : Permalink

Reuters – Hedge fund firm Perry Corp will pay $150,000 to settle accusations that it failed to report a substantial stake in Mylan Inc, purchased to support a proposed 2004 takeover of King Pharmaceuticals, the U.S. Securities and Exchange Commission […]

No access to Delphi’s books for bidders -paper

June 23, 2009 : Permalink

Reuters – Hedge funds that provided bankrupt U.S. auto parts maker Delphi with debtor-in-possession (DIP) financing are not getting access to the firm’s books, hindering their ability to make a takeover offer, the New York Post reported, citing a person […]

Hedge fund firm Bramdean receives offer

April 30, 2009 : Permalink

Reuters – Nicola Horlick’s boutique fund manager Bramdean Alternatives said on Thursday it has received an approach for a possible takeover by an unnamed bidder. The manager said in a statement: "The Board announces that it has received an approach […]

Hedge funds hot – but not too hot – for Nova Chemicals

February 24, 2009 : Permalink

Globe and Mail – The hedge fund crowd jumped on Nova Chemicals yesterday, thrilled to invest in a takeover, but pessimistic that a bidding war will begin for the chemical company. Despite heavy trading yesterday, the price of shares in […]

Paulson Hedge Fund Asks Dow to Close Rohm & Haas Deal

February 6, 2009 : Permalink

Bloomberg – Paulson & Co., the hedge fund run by billionaire John Paulson, urged Dow Chemical Co. to slash its dividend, sell new stock and issue bonds to pay for the stalled $15.4 billion takeover of Rohm & Haas Co. […]

Arbitrage Lures Gabelli After 920 Hedge Funds Fail

February 3, 2009 : Permalink

Bloomberg – Mario Gabelli is buying Wyeth to book a 13 percent profit from its takeover by Pfizer Inc. Managers at Cohen & Steers Inc. are scooping up closed-end funds trading at a 16 percent discount to the value of […]

Arbitrage Lures Gabelli, Huntington After 920 Hedge Funds Fail

February 2, 2009 : Permalink

Bloomberg – Mario Gabelli is buying Wyeth to book a 13 percent profit from its takeover by Pfizer Inc. Managers at Cohen & Steers Inc. are scooping up closed-end funds trading at a 16 percent discount to the value of […]

Paulson nets £100m from RBS slide

January 27, 2009 : Permalink

Guardian Unlimited – Billionaire hedge fund manager John Paulson has made a £100m profit by betting that the Royal Bank of Scotland’s share price would fall dramatically, according to calculations by the Guardian, adding fuel to the debate about the […]

Dow scrambling to keep $15 billion Rohm takeover alive

December 30, 2008 : Permalink

Reuters – Dow Chemical is scrambling to keep its $15 billion takeover of rival Rohm & Haas alive after a surprise decision by the Kuwaiti government to scrap a joint venture with Dow, the Financial Times reported on Tuesday. The […]

Soros, Falcone Defend Hedge Funds at House Hearing

November 14, 2008 : Permalink

Bloomberg – Hedge-fund managers including George Soros and Philip Falcone, in an unprecedented appearance before Congress, defended their practices and profits while splitting over whether the U.S. should impose stricter regulations. "This is not a case where management takes huge […]

Lehman Brothers Faces Objections to Barclays Sale

September 22, 2008 : Permalink

Bloomberg – Lehman Brothers Holdings Inc., the U.S. investment bank holding company that filed the largest bankruptcy in history, faces objections to a proposed $1.75 billion sale of its broker-dealer unit to Barclays Plc. Hedge fund Harbinger Capital Partners asked […]