Pirate poised to survive redemptions

Wed Nov 1, 2006

Pirate Capital, the $1.8 billion activist firm founded by Tom Hudson, could face substantial redemptions by yearend. But the effect on the firm could be minimal. Pirate could hold a large cash hoard from recent stock sales and the impending sale of Intrawest, a large holding. As a result, the firm is in shape to meet hundreds of millions of dollars in potential redemptions should they materialize.

  Tom Hudson

Investors must soon...

ISSN: 2151-1845 / CDC10004H


The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.


Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now

Popular Searches on HFI