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Trade in ABN Shares Draws Review by U.K. Regulator.

Authors :
Mollenkamp, Carrick
Carrns, Ann
MacDonald, Alistair
Singer, Jason
Source :
Wall Street Journal - Eastern Edition. 5/5/2007, Vol. 249 Issue 105, pA4. 0p.
Publication Year :
2007

Abstract

This article reports that the British Financial Services Authority has begun a review of hedge-fund trading in ABN Amro Holding NV shares before a takeover bid by a consortium of European banks. People familiar with the matter said one trade under review involves the purchase of about €100 million in ABN shares by Toscafund Asset Management LLP in April 2007. Separately, Bank of America Corp. filed suit against ABN seeking to enforce its $21-billion deal involving LaSalle Bank in the U.S.

Subjects

Subjects :
*HEDGE funds
*TENDER offers

Details

Language :
English
ISSN :
00999660
Volume :
249
Issue :
105
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
25042068