Activist Hedge Funds Push For Seats At IT Company

Jan 22 2008 | 9:02am ET

A pair of activist hedge funds have reiterated their demand for representation on French information technology company Atos Origin’s supervisory board.

London-based Centaurus Capital and New York’s Pardus Capital Management were rebuffed in November, when Atos rejected their demand for a pair of board seats. But they said on Friday that they will try again at the company’s next shareholders meeting, upping the ante.

In a filing with the French financial regulator, the Autorité des Marchés Financiers, the firms, which together own 20.67% of Atos, warned they may seek to take control over the company if it “persists in not taking into account the views of its main shareholders,” or “took measures against the social interests of Atos Origin.”


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR