{"id":33386,"date":"2013-01-15T07:27:11","date_gmt":"2013-01-15T12:27:11","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=33386"},"modified":"2013-01-15T07:27:11","modified_gmt":"2013-01-15T12:27:11","slug":"hedge-funds-nurse-heavy-losses-after-ups-tnt-deal-collapses","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2013\/hedge-funds-nurse-heavy-losses-after-ups-tnt-deal-collapses.html","title":{"rendered":"Hedge funds nurse heavy losses after UPS-TNT deal collapses"},"content":{"rendered":"<p>Reuters &#8211; United Parcel Service&#8217;s decision to abandon its 5.2 billion euro ($6.9 billion) bid for TNT Express has left hedge funds nursing potential losses of more than $700 million, as the Dutch delivery firm&#8217;s shares slid.<\/p>\n<p>So-called merger arbitrage funds &#8211; which make money betting on the outcomes of corporate events including takeovers &#8211; are estimated to have owned around 30 percent of TNT shares before Monday&#8217;s news European anti-trust regulators would veto it, several sources familiar with the sector said.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/2013\/01\/15\/ups-tntexpress-hedgefunds-idUSL6N0AK45R20130115\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; United Parcel Service&#8217;s decision to abandon its 5.2 billion euro ($6.9 billion) bid for TNT Express has left hedge funds nursing potential losses of more than $700 million, as the Dutch delivery firm&#8217;s shares slid. So-called merger arbitrage [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-33386","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=33386"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33386\/revisions"}],"predecessor-version":[{"id":33388,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33386\/revisions\/33388"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=33386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=33386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=33386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}