Hedge Fund News From HedgeCo.Net


FirstGroup rejects US hedge fund break-up proposal

Independent – FirstGroup has rejected pressure from a US investor to sell-off its North American bus business in a bid to boost shareholder value.

New York-based hedge fund Sandell Asset Management, which has a 3.1 per cent stake in FirstGroup, wrote to the transport group’s board calling for a spin-off and flotation of its US school and transit businesses, and the sale of Greyhound, its inter-city bus provider.

Read Complete Article

 

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

Leave a Reply