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 […]

Hedge Funds Eye 850p For Cadbury As ‘Fair Price’ Talk Swirls

Dow Jones – hedge funds are looking for Kraft Foods Inc.  to offer at least GBP11.7 billion for Cadbury PLC  as the confectioner’s chief executive, Todd Stitzer, reportedly accused the U.S. food conglomerate of letting Cadbury’s share price “drift.” One […]

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 […]

Atticus closing two hedge funds

Forbes – Investor Timothy Barakett on Tuesday said Atticus Capital, which suffered some of the hedge fund industry’s steepest losses last year, is closing two of its three funds and will return $3 billion to shareholders. The Atticus founder and […]

Barclays investors seal BGI deal

The New York Times – Barclays shareholders overwhelmingly approved the bank’s sale of asset manager Barclays Global Investors to BlackRock for about $14 billion (8.3 billion pounds) on Thursday, but staff staged a protest against pension changes.Barclays chairman Marcus Agius […]

Strong payout near resolution

Milwaukee Journal Sentinel – Five years after regulators forced the sale of Strong Funds to Wells Fargo and Co. at the height of a national mutual fund scandal, investors in 24 former Strong Funds are moving closer to receiving their […]

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 […]

Shame on You, Wall Street

Barron – President Obama took credit Wednesday for the recovery in the financial markets while at the same time decrying Wall Street’s profits and the big bonuses that will be paid out as a result. In his prime-time news conference, […]

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, […]