Friday, 9 October 2015
Last updated 8 hours 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…