Wednesday, 29 June 2016
Last updated 50 min 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.