Jana Makes Houston Exploration a $1.8 Billion Offer
NEW YORK (HedgeWorld.com)--After a series of overtures to the management of Houston Exploration Co. and a vote-withhold campaign before the annual meeting in April, the hedge fund Jana Partners has decided to go ahead and offer to buy the Texas-based oil and gas company for $62 per share, cash. The...
Victim of Its Own Success?
Capacity becoming an issue in hedge fund industry