Centaurus Capital aims its sights on Demag
| February 23rd, 2011 | ||
| Last October, Konecranes (KCR1V), the largest industrial crane maker, displayed interest in merging with Demag Cranes (D9C), the industry’s second-largest player. According to the Financial Times, the possibility of a merger pushed Demag's share price up. However, Demag surprised shareholders by refuting the offer. In response, Centaurus Capital, a UK-based shareholder activist hedge fund firm that owns more than 5% of Demag, has demanded that the company establish a committee to evaluate the possible merger. Several months ago, Centaurus Capital, which focuses its activist investments in Europe, was an influential backer of Spain-based Actividades de Construccion y Servicios SA (ACS)’s takeover of Hochtief several months ago. Centaurus Capital was founded in 2000 and is led by its Chairman Bernard Oppetit and Chief Investment Officer Randel Howard Freeman. | ||
For Detailed Investor Profiles on these Investors, click below: |
Centaurus Capital |
Related People: Bernard Oppetit;
Related Entities: Centaurus Alpha Fund
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions
Add a Comment |
More Recent Headlines
Graduates of Top US Schools sell nearly $5 billion in Stock |
Bill Ackman’s Pershing Square Capital hurt by bankruptcy of Borders Group |
Christian Siva-Jothy winds down SemperMacro Capital |
Bill Ackman’s Pershing Square Capital hurt by bankruptcy of Borders Group |
Red Kite Management’s Hobart says that Copper prices need to fall 20% |
Swiss Biotech Issues First Dividend to Appease Largest Shareholder |
Phil Falcone’s side-pocket Investments suffer |
Saint Joe and the Dragon (Fairholme’s Bruce Berkowitz) |
It’s Official: Pershing Square Capital’s Bill Ackman joins JC Penney’s Board |
Herding behavior: Why, so what and what if? |
