Pirate Hopes To Pin Aquila At Meeting

Apr 24 2007 | 10:02am ET

Activist hedge fund Pirate Capital is making another sartorial statement in its battle with energy company Aquila.

Weeks after unveiling a t-shirt lambasting the deal, Pirate is now encouraging shareholders to wear a button to Aquila’s annual meeting on May 2, “to show their opposition to Aquila’s proposed transaction with Great Plains Energy.”

Just like the t-shirts, the buttons, featuring Aquila CEO Rick Green, are available on Pirate’s anti-Aquila Web site, www.badaquiladeal.com.

Pirate contends that the Aquila proposed sale to fellow utility Great Plains is a bad deal for shareholders.

Of course, Pirate isn’t counting on fashion statements alone to get its way: The firm and its funds, which control about 5% of Aquila, are also suing the company to block the deal.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

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

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat