Friday, 29 May 2015
Last updated 1 hour ago
Apr 15 2010 | 1:46pm ET
Harbinger Capital Management has taken a 9.48% stake in Palm Inc., the personal digital assistant maker.
The New York-based hedge fund, headed by Philip Falcone, revealed the passive investment in a regulatory filing. The firm now owns some 16 million Palm shares.
Rumors have circulated that Palm may put itself up for sale. The company has reportedly hired Goldman Sachs and Qatalyst Partners to help it evaluate its options.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…