Hedge Fund News From HedgeCo.Net


Hedge fund seeks higher price for Caribou after Benckiser deal

Reuters – A hedge fund with a 4 percent stake in Caribou Coffee Co on Wednesday urged the company to pursue a better deal after it agreed to be sold to Germany’s Benckiser group for $340 million, saying it is easily worth double that price.

Accretive Capital Partners LLC of Madison, Connecticut, said in a letter to the company’s board that it was dismayed by the price of $16 per share that Caribou announced on Monday.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply