Peculiarities with Poundland bid - part 2 and the end...
It would appear the Poundland vote on Steinhoff's takeover offer has ended up being a bit of a damp squib.
According to brokers, only 2.14pc of shareholders voted against the offer!..
It would appear the Poundland vote on Steinhoff's takeover offer has ended up being a bit of a damp squib.
According to brokers, only 2.14pc of shareholders voted against the offer!..
As regular readers of my work can imagine, I was rather busy yesterday (see yesterday's The Sunday Times). So, a few jackanories fell by the wayside during yesterday's mayhem.
One of those things was a story I was trying to stack up about Berkeley Group, the London-focused housebuilder that has been heavily shorted by hedge funds over the last few months...
The sharp suited types over at Elliott - the punchy American hedge fund that often makes big, acitivist punts on events - have done something rather unusual: the hedgies have switched most of the near 23pc position in Poundland into physical equity...