Hedge Funds in UK Northern Rock Bid
Filed in archive Hedgetalk by Alex Akesson on January 07, 2008

"It is nothing like the "lame duck" that some would have you believe," said the hedge fund SRM in a statement. "Based on the company's stated guidance regarding its valuation, SRM believes that the company's book value is materially in excess of its current share price."
Northern Rock has been after a reasonable bid since it became a casualty in the global credit crisis this year.
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