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...


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