Not Everyone Relishing Juvenile War Of Words Between Elliott, Investment Firm - Dealbreaker

Not Everyone Relishing Juvenile War Of Words Between Elliott, Investment Firm

Sounds like a job for...
Author:
Updated:
Original:

Cut it out!

If Paul Singer and Alliance Trust aren’t careful, schoolyard enforcer Carl Icahn may have to step in and knock their heads together.

The two firms released four statements between them on Friday alone – accusing each other of making statements that were “factually incorrect”, “misleading” or “out of context”.

Friday afternoon ended with Elliott Advisors publishing 13 pages of private correspondence that it said Alliance Trust had previously published selectively, and therefore taken out of context….

Simon Elliott, head of research at Winterflood Investment Trusts, said the stand-off had become almost “childish”.

He added: “The statements that have come out [last week], it is a little bit like children squabbling in a playground… This battle is only going to get bitterer over the next month as we approach the annual general meeting.”

Elliott/Alliance spat likened to ‘children squabbling’ [Financial News]

Related

paul singer

Elliott Becomes Private Equity Firm In Nick Of Time

Being a hedge fund just wasn’t working out well enough.

Elliott Management Doing Something Related To Private Equity, Tech

Whether this is a new something or an old something appears to be a point of debate between Bloomberg and the hedge fund.

tp

Elliott Employees Bought All The Toilet Paper

‘Cuz they knew two months ago this was coming.

paul singer

Paul Singer May Or May Not Be Becoming A Nicer Person

And it may or may not have to be because he has to in order to win.

paul singer

Paul Singer Argentinas His Way Into A Soccer Team

Like the Albiceleste at the World Cup, he expects his stay to be short. Unlike his favorite international soccer team, however, he expects it to be profitable.