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Posted on: April 23, 2020, 11:51 a.m.
Activist hedge fund Elliott Advisors has been fined €20m for failing to cooperate with the French banking regulator, during a takeover battle between two transportation companies. The Autorité des Marchés Financiers' (AMF) enforcement committee fined the hedge fund on 17 April for filing inaccurate and late reports linked to XPO Logistics’ 2015 acquisition of Norbert Dentressangle shares. Full investment news article