{"id":44995,"date":"2014-11-13T06:17:23","date_gmt":"2014-11-13T11:17:23","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=44995"},"modified":"2014-11-12T15:19:16","modified_gmt":"2014-11-12T20:19:16","slug":"hedge-funds-burned-in-shire-double-down-on-covidien-deal","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2014\/hedge-funds-burned-in-shire-double-down-on-covidien-deal.html","title":{"rendered":"Hedge Funds Burned in Shire Double Down on Covidien Deal"},"content":{"rendered":"<p>Bloomberg &#8211; Hedge funds bruised by wrong-way bets on AbbVie Inc.\u2019s failed merger with Shire Plc are showing few signs the trauma was permanent.<\/p>\n<p>At least three firms that speculated on the doomed $52 billion drug industry takeover &#8212; Paulson &amp; Co., Taconic Capital Advisors LP and Pentwater Capital Management LP &#8212; have reported stakes tied to Medtronic Inc.\u2019s offer for Covidien Plc (COV), according to filings with the Irish Takeover Panel. Medtronic in Minneapolis offered to buy the Dublin-headquartered device maker for more than $42 billion in June.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2014-11-12\/hedge-funds-burned-in-shire-double-down-on-covidien-deal.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Hedge funds bruised by wrong-way bets on AbbVie Inc.\u2019s failed merger with Shire Plc are showing few signs the trauma was permanent. At least three firms that speculated on the doomed $52 billion drug industry takeover &#8212; Paulson [&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-44995","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44995","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=44995"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44995\/revisions"}],"predecessor-version":[{"id":44997,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44995\/revisions\/44997"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=44995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=44995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=44995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}