{"id":4257,"date":"2006-04-12T00:00:00","date_gmt":"2006-04-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-buy-schering-shares-hoping-to-capitalise-on-bayer-deal","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2006\/hedge-funds-buy-schering-shares-hoping-to-capitalise-on-bayer-deal.html","title":{"rendered":"Hedge funds buy Schering shares, hoping to capitalise on Bayer deal"},"content":{"rendered":"<p>  <span class=\"mainarttxt\">FRANKFURT (AFX) &#8211; Hedge funds are buying into Schering AG, on the basis that a German law might allow them to get a higher price for their Schering stakes than the 86 eur  per share offered by Bayer AG, the Financial Times reported.<\/span><\/p>\n<p>  <span class=\"mainarttxt\">Citing people familiar with the situation, the newspaper said that among the hedge funds involved is New York-based Paulson &amp; Co, said to hold up to 3 pct of the German  drugs maker.<\/span><\/p>\n<p>  <span class=\"mainarttxt\">Others include DE Shaw and Citadel, it said.<\/span><\/p>\n<p>  <span class=\"mainarttxt\">Bayer&#8217;s offer is contingent on a minimum acceptance rate of 75 pct of Schering&#8217;s shareholders, and once this has been achieved, it will start integration of the two  companies while negotiating to compensate remaining shareholders.<\/span><\/p>\n<p>  <a href=\"http:\/\/www.forbes.com\/home\/feeds\/afx\/2006\/04\/12\/afx2664959.html\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FRANKFURT (AFX) &#8211; Hedge funds are buying into Schering AG, on the basis that a German law might allow them to get a higher price for their Schering stakes than the 86 eur per share offered by Bayer AG, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4257","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4257","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4257"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4257\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}