{"id":7990,"date":"2008-06-26T00:00:00","date_gmt":"2008-06-26T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"high-court-rejects-hedge-fund-expro-deal-block","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2008\/high-court-rejects-hedge-fund-expro-deal-block.html","title":{"rendered":"High Court rejects hedge fund Expro deal block"},"content":{"rendered":"<p>Daily Telegraph- The High Court has rejected an audacious last-gasp bid by hedge funds to block Candover&#8217;s &pound;1.8bn bid for oil services group Expro. <\/p>\n<p>Hedge funds holding around 25pc of Expro &#8211; led by Mason Capital and Sandell Asset Management &#8211; asked the court on Monday to block the deal and force Expro&#8217;s board to reconsider a riskier &#8211; but higher &#8211; offer from US giant Halliburton. But yesterday Mr Justice David Richards dismissed the argument by the hedge funds&#8217; lawyers that under Takeover Panel rules Expro should have run an auction between the two rivals. <\/p>\n<p>&quot;I do not accept the criticisms of the board made by the shareholders,&quot; said Mr Justice Richards. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.telegraph.co.uk\/money\/main.jhtml?xml=\/money\/2008\/06\/27\/cnexpro127.xml\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Daily Telegraph- The High Court has rejected an audacious last-gasp bid by hedge funds to block Candover&#8217;s &pound;1.8bn bid for oil services group Expro. Hedge funds holding around 25pc of Expro &#8211; led by Mason Capital and Sandell Asset Management [&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":[828,156,1100,329,242],"class_list":["post-7990","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-backlash","tag-brian-l-roberts","tag-brooklyn","tag-financial-regulator","tag-img-src"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7990","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=7990"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7990\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}