Thursday, 25 December 2014
Last updated 21 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.