John Paulson owns 1.5 million Allied Nevada shares (0.04% of his portfolio).
A Chinese mining company opened a cash tender offer for all common Allied Nevada shares and related stock purchase rights. China Gold Stone will pay $7.50 in cash for each share of the Nevada-based gold producer. The tender offer will expire midnight on January 24th.
Monday, January 27, 2014
Sunday, January 19, 2014
John Paulson vs Sheldon Adelson
The firms of hedge fund legends George Soros, John Paulson and Leon Cooperman have quietly turned into big shareholders of Caesars Acquisition Co., a spinoff from casino company Caesars Entertainment that has a stake in Caesars' Internet gambling operations.
What's particularly noteworthy about the quintet's position is that it puts them in opposition to casino titan Sheldon Adelson, CEO of Las Vegas Sands, according to the magazine.
While the famous five are investing in online gambling, Adelson opposes it. He likely views it as a threat to his casinos. Adelson tells Forbes he will "spend whatever it takes" to halt online gambling in the United States.
And he has brought on political heavyweights such as former New York Gov. George Pataki to lead his lobbying push. "There is no reason to put a casino on everybody's kitchen table, in the bed of every young person, whether they are underage or of age, or on mobile phones," Adelson explains. "I don't want people to get addicted."
via -http://www.moneynews.com/InvestingAnalysis/Soros-Paulson-Adelson-gambling/2014/01/09/id/546119
What's particularly noteworthy about the quintet's position is that it puts them in opposition to casino titan Sheldon Adelson, CEO of Las Vegas Sands, according to the magazine.
While the famous five are investing in online gambling, Adelson opposes it. He likely views it as a threat to his casinos. Adelson tells Forbes he will "spend whatever it takes" to halt online gambling in the United States.
And he has brought on political heavyweights such as former New York Gov. George Pataki to lead his lobbying push. "There is no reason to put a casino on everybody's kitchen table, in the bed of every young person, whether they are underage or of age, or on mobile phones," Adelson explains. "I don't want people to get addicted."
via -http://www.moneynews.com/InvestingAnalysis/Soros-Paulson-Adelson-gambling/2014/01/09/id/546119
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