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

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...