The activist, the Evening Standard columnist and the top of the market...
It's been ten years since Sir Christopher Hohn (then just Chris Hohn) launched a viscious activist campaign against ABN Amro by calling for the dismissal of its chief executive and a sale of the business. That move ultimately led to takeover approaches from Barclays and Royal Bank of Scotland. And we all know what happened next...
Now, fast forward to 2017 and wily Sir Chris is back at it, winding up the London Stock Exchange, its chairman and its board something rotten. Like almost everybody else in the City of London, Betaville has been wondering what the pugnacious hedge fund manager is really up to. Well, to be clear Betaville hasn't a clue and isn't going try to second guess Sir Chris.
But Jim Armitage, City Editor over at The Evening Standard, has been following the situation closely and today writes a rather good piece about Hohn's potential end game. I have pasted the link to his column below:
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