LONDON-BASED hedge fund The Children’s Investment Trust (TCI) has quietly bought a 1.4% stake in Reuters, the financial-information giant that is in the middle of an £8.7 billion takeover by Canadian rival Thomson.
The activist manager bought 3.4m shares in Reuters last week through contracts for difference (CFDs), taking its total stake to 17m shares, according to a regulatory filing. CFDs are financial instruments that give a buyer a stake in a company, but no voting rights.
Knowledge grows through sharing! To be the best, learn from the best! May all your dreams come true! Collections of Value Investing articles, interviews and videos, especially on Warren Buffett and Charlie Munger and articles from various disciplines to build "Latticework of Mental Models"
Friday, June 15, 2007
The Children's Investment Fund: Reuters' investment
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment