BN 10/16 14:42 *PAULSON & CO. INTEREST IN SHIRE 3.47%: FILING
Paulson, Elliott Cut Shire Holdings as AbbVie Backtracks
2014-10-16 15:16:54.163 GMT
By Gaurav Panchal
Oct. 16 (Bloomberg) -- Hedge funds Paulson & Co. and
Elliott Capital cut their interests in Shire after AbbVie’s
announcement yday ahead of U.K. market open that it was
reconsidering its offer for Shire.
* Paulson & Co. cuts interest in Shire to 3.47% from 4.83% as
of Oct. 10
* Elliott Capital Advisors cuts voting rights in Shire to
1.7639% from 2.6266% as of Oct 15
* Mason Capital cut its interest to 0.43% from 1.13% as of
Sept. 26
* Magnetar Financial (U.K.) LLP cut its interest to 2.65% from
2.87% as of Oct. 15
* Magnetar’s short position remained unchanged at 1.57%
* Magnetar’s short position remained unchanged at 1.57%</li></ul>
* Taconic Capital Advisors UK LLP cut its interest to 1.61% vs
2.15% as of Oct. 15
* Taconic increased its short position to 0.39% vs 0.01%
* Taconic increased its short position to 0.39% vs 0.01%</li></ul>
* NOTE: All data from latest filings out today, dealings took
place on Oct. 15
* Earlier today: AbbVie Board Recommended Holders Vote Against
Shire Deal
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
--With assistance from Joshua Fineman in New York.
To contact the reporter on this story:
Gaurav Panchal in London at +44-20-7392-0511 or
gpanchal2@bloomberg.net
To contact the editors responsible for this story:
Andrew Rummer at +44-20-7073-3722 or
arummer@bloomberg.net
Brian Lysaght
2014-10-16 15:16:54.163 GMT
By Gaurav Panchal
Oct. 16 (Bloomberg) -- Hedge funds Paulson & Co. and
Elliott Capital cut their interests in Shire after AbbVie’s
announcement yday ahead of U.K. market open that it was
reconsidering its offer for Shire.
* Paulson & Co. cuts interest in Shire to 3.47% from 4.83% as
of Oct. 10
* Elliott Capital Advisors cuts voting rights in Shire to
1.7639% from 2.6266% as of Oct 15
* Mason Capital cut its interest to 0.43% from 1.13% as of
Sept. 26
* Magnetar Financial (U.K.) LLP cut its interest to 2.65% from
2.87% as of Oct. 15
* Magnetar’s short position remained unchanged at 1.57%
* Magnetar’s short position remained unchanged at 1.57%</li></ul>
* Taconic Capital Advisors UK LLP cut its interest to 1.61% vs
2.15% as of Oct. 15
* Taconic increased its short position to 0.39% vs 0.01%
* Taconic increased its short position to 0.39% vs 0.01%</li></ul>
* NOTE: All data from latest filings out today, dealings took
place on Oct. 15
* Earlier today: AbbVie Board Recommended Holders Vote Against
Shire Deal
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
--With assistance from Joshua Fineman in New York.
To contact the reporter on this story:
Gaurav Panchal in London at +44-20-7392-0511 or
gpanchal2@bloomberg.net
To contact the editors responsible for this story:
Andrew Rummer at +44-20-7073-3722 or
arummer@bloomberg.net
Brian Lysaght