Third Point changes strategy on activist investors in bid to fix discount April 9, 2024 Hedge fund Third Point has appointed a duo of activist investors to its board in a bid to close the trust's wide gap between its net asset value and share price, despite previously strongly opposing them.
Currys: Could Mike Ashley’s Frasers Group enter bidding war? February 19, 2024 Electricals retailer Currys hit the headlines over the weekend after it emerged it could become the latest big name to leave the London Stock Exchange in a huge take-private deal.
Elliott mulls new higher offer for Currys after initial £700m bid rejected February 19, 2024 In an update this morning, the owner of Waterstones, said: “Elliott confirms that it is considering a possible cash offer for Currys.”
Currys rejects £700m takeover bid from activist investor Elliott February 18, 2024 Currys said it considered the proposal and concluded it "significantly undervalued the company and its prospects".
Sadiq Khan: Starmer attacking Sunak for ‘betting on misery’ won’t put business off Labour January 30, 2024 Sadiq Khan has insisted Sir Keir Starmer’s attack on Rishi Sunak for “making millions from misery” during the financial crisis won’t put businesses off the Labour Party.
The hedgies who sniffed out Wirecard have a new target: the AI bubble January 23, 2024 A hedge fund which looks for companies with 'funny smells' thinks 'AI euphoria' is skewing valuations