Elliott Takes Derivative Stake in F&C Management -FT
February 26 2014 - 12:16PM
Dow Jones News
Hedge fund Elliott Management Corp. has accumulated an 11%
derivatives stake in F&C Asset Management PLC (FCAFY), which is
in the process of being acquired by Bank of Montreal (BMO), The
Financial Times reported Wednesday.
In January, BMO agreed to acquire F&C for GBP708 million,
the FT said. Elliott's derivative exposure is equal to about 63.8
million ordinary shares, or just under 11%, according to a
filing.
Full story at http://www.ft.com/intl/fastft
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