Friday, 19 December 2014
Last updated 14 hours ago
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.
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.