Tag Archives: shareholders
Investcorp Receives Approval to Issue a Further US$ 40 Million of Preference Shares to Meet Demand
Zawya – Shareholders at InvestcorpInvestcorp’s Extraordinary General Assembly today voted to issue a further US$ 40 million of preference shares to meet additional demand from investors who subscribed to Investcorp’s recent capital raise. Investcorp had received commitments in excess of […]
In Final Chapter of Biovail Saga, Paul Weiss Wins Dismissal of Claims Against Hedge Fund
Biovail’s long-running battle against several hedge funds and analysts it accused of driving down its stock price has provided lots of drama. Two years ago, Manhattan federal district court Judge Richard Owen sanctioned Biovail for using documents, which were under […]
Hedge fund rebels aim to oust Strategic Equity Capital bosses
Hedge fund Fortelus and other investors are preparing to oust the management of a publicly listed investment trust because they disagree with its investment decisions, the Guardian has learned. The growing row provides a rare insight into the way hedge […]
SRM Global loses Northern Rock compensation appeal
Times Online – SRM Global, the hedge fund that became the largest shareholder in Northern Rock, said yesterday that it would continue its fight for government compensation after losing its second legal challenge. The fund, which owned 11.5% of Northern […]
Northern Rock: ex-shareholders lose compensation challenge
Independent – Former shareholders in nationalised bank Northern Rock failed today in a renewed legal challenge to the Government’s "zero return" compensation scheme. The Court of Appeal in London dismissed an appeal by individual shareholders – including current and retired […]
Hedge funds ready to hang up on TDC
Copenhagen Post – The largest business deal in the country?s history could turn into a stock market selloff by the five capital funds that purchased telecommunications company TDC for a record sum in 2006. The largest business deal in the […]
Tollgrade Communications challenges independence of nominees for board
Pittsburgh Tribune Review – Tollgrade Communications Inc. is challenging the independence of two nominees for seats on its board of directors because a dissident hedge fund group is paying them to run as part of its bid for control. Tollgrade, […]
