Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Chris Hohn's Activist Fund Has Stepped Up Its Bid To Block An €8.5B Deal
Hedge Funds

Chris Hohn's Activist Fund Has Stepped Up Its Bid To Block An €8.5B Deal

by cityam.com posted 1year ago 426 views
Chris Hohn’s activist hedge fund has had another bite at French aircraft-engine maker Safran over  a planned €8.5bn (£7.4bn) takeover. The Children’s Investment (TCI) Fund, which owns a 4.1 per cent stake in Safran, publicised its opposition to the deal for plane-seat maker Zodiac last month, saying it had “no strategic rationale”.  Safran hit back shortly afterwards, accusing TCI of wanting to “destroy value” in the firm. Read more: Activist investor Chris Hohn launches bid to block €8.5bn aerospace deal Today, TCI has had another nibble at Safran, claiming Zodiac’s latest financial figures, released today, demonstrate that the takeover offer is...