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GLG Talks Takeover With Tisbury Capital
March 7, 2008
Flush with cash after going public late last year, GLG Partners may be in the acquisitions market.
The Financial Times reports that the London-based hedge fund is in prelimary talks with rival Tisbury Capital Management over a potential takeover.
Tisbury manages about US$2.2 billion, and could cost GLG about US$200 billion.
GLG, which listed on the New York Stock Exchange via a reverse merger in October, manages some US$30 billion.
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