Hedge Fund News From HedgeCo.Net

Hedge funds build stakes in Severn Trent as bid hangs in balance

Reuters – Two U.S. hedge fund giants have placed bold bets to profit from an attempted takeover of British water company Severn Trent that now hangs in the balance with a consortium threatening to walk away after three spurned bids.

While the investors could be nursing losses from a steep share price decline on Monday, they stand to gain if bid talks resume as management comes under pressure from major Severn Trent shareholders keen for a deal.

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