{"id":3941,"date":"2006-02-06T00:00:00","date_gmt":"2006-02-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"top-hedge-funds-set-sights-on-arcelor","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/02\/2006\/top-hedge-funds-set-sights-on-arcelor.html","title":{"rendered":"Top hedge funds set sights on Arcelor"},"content":{"rendered":"<p>  MSNBC &#8211; Prominent hedge funds have piled into the shares of Arcelor in the expectation of a higher bid from either Mittal Steel or another party.<\/p>\n<p>  Mittal&#8217;s unsolicited \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac18.6bn offer for Arcelor has drawn intense interest from UK hedge funds such as Marshall Wace and GLG Partners and US hedge funds such as Och-Ziff, Duquesne and Perry Capital,  according to individuals familiar with the funds. Some funds bought Arcelor shares before the bid.<\/p>\n<p>  &#8220;Everyone in the hedge fund industry is looking at this deal,&#8221; said one London-based banker.<\/p>\n<p>  Meanwhile, Thierry Breton, French finance minister, will on Monday defend his criticism of Mittal&#8217;s Arcelor bid, arguing that there are serious corporate governance questions over the steelmaker  that the French government has a right to examine.<\/p>\n<p>  <a href=\"http:\/\/msnbc.msn.com\/id\/11190314\/\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MSNBC &#8211; Prominent hedge funds have piled into the shares of Arcelor in the expectation of a higher bid from either Mittal Steel or another party. Mittal&#8217;s unsolicited \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac18.6bn offer for Arcelor has drawn intense interest from UK hedge funds [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3941","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3941"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3941\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}