Home Hedge Funds Burned in Shire Double Down on Covidien Deal
 

Keywords :   


Hedge Funds Burned in Shire Double Down on Covidien Deal

2014-11-12 21:49:22| Biotech - Topix.net

Hedge funds bruised by wrong-way bets on AbbVie Inc.'s failed merger with Shire Plc are showing few signs the trauma was permanent. At least three firms that speculated on the doomed $52 billion drug industry takeover -- Paulson & Co., Taconic Capital Advisors LP and Pentwater Capital Management LP -- have reported stakes tied to Medtronic Inc.'s offer for Covidien Plc , according to filings with the Irish Takeover Panel.

Tags: double deal funds burned

Category:Biotechnology and Pharmaceuticals

Latest from this category

All news

»
26.11BG
26.11 DVD 9
26.11Happy2024 LAST BIG
26.111-21
26.11A-68507
26.11160cm
26.11stray kids GO yes24
26.11 mark borthwick whats bummer zine edition
More »