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Entries tagged "TCI"Would an Xetra sale be bad news for Deutsche Borse?Who wouldn't want 19% of what Deutsche Börse AG would reap by selling its Xetra equity trading business to the London Stock Exchange Group plc? But that doesn't mean it's a good idea -- especially for Deutsche Börse, or even Frankfurt. ... CSX still won't seat hedge fundersRailroad company CSX Corp. still refuses to seat two of four dissident director nominees, partly because the company hopes an appeals court ruling will disqualify a block of shares voted by the activist dissident investor Children's Investment Fund Management (UK) LLP. ... Questioning The Children's Investment Fund's philanthropyAt a hearing before a Congressional committee in March, Snehal Amin, partner at British activist hedge fund The Children's Investment Fund Management LLP, testified that the "vast majority of TCI's profits have gone to our charitable foundation which is dedicated to eliminating disease and poverty amongst children in the developing world." Now, British newspaper The Independent is reporting that virtually all of the £800 million ($1.57 billion) endowment built up by TCI's manager Christopher Hohn to fund philanthropic activities has been reinvested back into his own hedge funds. ... CSX proxy fight still rolls despite voteWhen a federal appeals court on Monday dealt CSX Corp. a major setback by refusing to block activist investor The Children's Investment Fund from voting its stock at the company's annual meeting, it was easy to see that a pending proxy contest between the insurgent investor and railroad operator could become messy. The meeting and proxy contest took place Wednesday, and it looks like the messy prognosticators were right. ... TCI: Winning the battle but losing the war?It looks like The Children's Investment Fund may be winning its battle over the future of railroad operator CSX Corp. But is the hedge fund losing the war when it comes to the future of its activist strategy?... The Deal Calendar: June 23-27, 2008The Deal's Mary Kathleen Flynn and Suzanne Stevens discuss everything you need to know about dealmaking events for the week of June 23, 2008. ... Schumer may propose bill concerning CSX rulingA battle over whether some activist hedge fund managers will be able to continue to sneak up on certain target corporations is being waged in the courts, the Securities and Exchange Commission and now even on Capitol Hill. ... Court hands hedge fund TCI a lossA federal judge late Wednesday ruled that two activist hedge fund managers violated Securities and Exchange Commission disclosure rules when buying large stakes in railroad operator CSX Corp. ... CFIUS to take on British activist hedge fund?The Committee on Foreign Investment in the U.S., an interagency panel that examines U.S.-foreign deals for national security threats, may just review the activist Children's Investment Fund's large minority stake in railroad operator CSX Inc. But it would be an unusual review, if CFIUS decides to take it on. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "TCI." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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