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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...