Tag Archives: handsome-returns
Hedge fund pushes Yahoo to sell search unit
San Francisco Chronicle – A major investor called on Yahoo Inc. to sell its search business to Microsoft Corp. on Wednesday, adding to the pressure on the Sunnyvale Web portal to restart talks with its rival. Meanwhile, Yahoo agreed to […]
Endologix says gets unsolicited bid from hedge fund
Reuters – Endologix Inc said it received an unsolicited takeover bid from hedge fund Elliott Associates LP for $2.25 a share, 18 percent higher than the stock’s Wednesday closing price. The company, which develops and manufactures minimally invasive treatments for […]
China\’s Sinosteel to proceed with Midwest takeover
AP – Chinese steelmaker Sinosteel Corp. has taken control of 98 percent of Midwest Corp. and will proceed with compulsory acquisition of the Australian miner, Midwest said. In a brief statement Wednesday, Midwest said Sinosteel would recommend de-listing the company […]
Hedge Fund Rebukes Republic Services
Wall Street Journal – Hedge fund Elliott Associates LP made public a letter to Republic Services Inc. in which it said the company’s board wasn’t doing its duty by fully considering the raised $6.73 billion takeover bid from Waste Management […]
RAB Capital Hedge Fund Chief to Step Down
New York (HedgeCo.Net) – Philip Richards, head of hedge fund RAB Capital, is stepping down and will be replaced with Finance Director Stephen Couttie, according to a statement made by the company yesterday. Richards ran the $1.4 billion Special Situations […]
Software Stake Bought by Hedge Fund Firm
West Palm Beach (HedgeCo.net) – Elliott Associates, a New York hedge fund firm, has bought a 9.9% stake in Epicor Software Corp. and is inquiring about possible strategic alternatives for the company, Markets Media Online reports. In a filing made […]
Yahoo Vote Missed Major Investor
Tampa Tribune – Yahoo is recounting the shareholder vote for its board of directors after discovering that a tabulating firm failed to register the opposition of a major investor. The revision won’t change the outcome of Friday’s election, which retained […]
Anheuser-Busch Fires Back at InBev, Files Suit
New York (HedgeCo.Net) – Budweiser maker Anheuser-Busch is suing InBev after declaring that their “bargain price” offer of $65 a share is illegal. Anheuser-Busch accuses InBev of using “deceptive conduct” to try to win control of the company. InBev recently […]
Hedge fund SAC Capital cuts stake in Take-Two
Reuters- Hedge fund SAC Capital reported on Wednesday that it had cut its stake in Take-Two Interactive Software Inc to 4.4 percent from 5.3 percent. The fund did not give a reason for the recent stock sales in a filing […]
Hedge fund attacks Lion on Indophil sale plan
The Age- Plans by Melbourne-based Lion Selection to sell its stake in Indophil to Xstrata for $1 a share have come under attack from London hedge fund Carrousel Capital. The move raises the prospect that Indophil can turn the tables […]