Wednesday, 8 July 2015
Last updated 6 hours ago
Feb 28 2014 | 10:45am ET
Elliott Management may be trying to boost the acquisition price of a fellow asset manager.
The New York-based activist hedge fund has taken an 11% stake in F&C Asset Management through derivatives, the Financial Times reports. The Bank of Montreal last month offered to buy F&C for £700 million.
Elliott is expected to agitate for a higher price, either from BMO or a rival bidder.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…