Hedge Fund Reader : Mirant Drops Purchase Bid

Comments

tickets week plane on Betting on dollar and raising oil prices spell profit for hedge funds
Voneacceria on Hedge Fund Lists on NYSE
thecompleteKant on The 25 Most Intriguing Hedge Funds
Sabuj on G7 to Focus on Transparency in Hedge Funds
much doxycycline on Godden parts ways with Hedge Funds Research

June 15, 2006

Mirant Drops Purchase Bid

The pressure applied on power generator Mirant Corporation by hedge fund firm Pirate Capital LLC has borne fruit. Mirant has agreed to drop its bid to buy peer company NRG Energy Incorporated. Officials from Pirate and Mirant will meet next week to discuss issues regarding improvement of shareholder value at Mirant. Pirate holds a stake in Mirant.

--
Did you enjoy this post?

June 15, 2006 in Gossip & Scandal | Permalink