TCI Speaks Softly, Carries Big Stick With ABN

Mar 26 2007 | 10:58am ET

Christopher Hohn certainly knows how to make an executive’s blood boil.

The head of London-based hedge fund The Children’s Investment Fund told The Economist that he might sue the head of ABN Amro’s supervisory board if it fails to consider multiple bids for the Dutch banking giant.

ABN—under considerable pressure from TCI to break itself up or sell itself—last week opened exclusive merger talks with British banking behemoth Barclay’s to create a new London-listed, Amsterdam-based giant. But TCI says exclusive talks are no way to ensure that ABN shareholders get the best deal.

Reuters reports that several other banks may be interested in all or part of ABN, including BBVA, BNP Paribas, Citigroup, ING, the Royal Bank of Scotland and Santander.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of