US hedge fund ups Rubicon stake
Tuesday, March 31, 2009 : PermalinkScoop – Knott, a U.S. based series of associated funds managed and administered by Dorset Management Corp., has made a partial takeover bid for the wood products and biotechnology investor Rubicon.
The offer of 70 N.Z. cents per share for a total of 8.83% would take Knott’s holding in Rubicon to 27.33%, and with Knott associates included, to 28.31% of the company.
Rubicon owns forestry biotechnology company ArborGen LLC and wood processor Tenon Ltd.
