(The Standard) A US hedge fund is seeking to profit from the Wood Group takeover of Amec Foster Wheeler after placing a complex two-way bet on deal. Magnetar Capital, which helped to inspire the Oscar-nominated Hollywood blockbuster The Big Short, starring Christan Bale (pictured), has bet £34.6 million on Wood Group’s shares falling and £33.3 million on Amec’s shares rising as the deal nears completion.
Big Short Hedge Fund Bets Big Time On Wood Group and Amec Deal
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