Wednesday, 27 August 2014
Last updated 10 hours ago
Apr 12 2007 | 12:25pm ET
Under pressure from hedge fund The Children’s Investment Fund, Barclays and ABN Amro are scrambling to put a deal together to preempt TCI’s drive to break up the Dutch investment bank.
ABN is holding exclusive merger talks with Barclays, with the exclusivity period schedule to end on Wednesday. Both sides expect a slew of hostile bids after a deal is announced, but the real deadline is April 26. That’s when both banks hold their annual shareholder meetings, and ABN will face two resolutions, pushed by TCI, calling for it to be split up.
The exclusive talks with Barclays have further angered TCI, which has been highly critical of ABN’s share price performance.
According to published reports, full terms of any deal—assuming one is reached—may not be disclosed when it is announced. While both sides hope to make some sort of announcement on April 18, an agreement is reportedly far from completed.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...