Marshall Wace Pushes Pub Merger

Mar 31 2008 | 9:01am ET

Marshall Wace isn’t taking no for an answer, as the London-based hedge fund continues to push for a merger between two of the U.K.’s largest pub owners.

The hedge fund, which reportedly believes a link-up between Punch Tavern’s managed pubs business and Mitchells & Butlers could produce some £50 million in synergies, has reduced its 6% stake in Punch and boosted its share of M&B.

On Friday, Punch ended its bid for a 50-50 merger with M&B, but Marshall Wace is thought to think a merger remains possible due to the structure of securitizations at both companies.

Marshall Wace isn’t the only alternatives group with an interest: Private equity firm Permira reportedly made an offer for a minority stake in M&B, offering the troubled pubs group a capital injection.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...