Simply Name Him Personal Fairness Paul Singer

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Paul Singer might not appear significantly versatile. Decade-long battles with sovereign states have a tendency to provide individuals an impression of cussed obstinacy, even to the purpose of pig-headedness.

In fact, the Elliott Administration chief has all the time been pragmatically open-minded: If he’s not capable of fireplace you in his traditional means, he’ll simply purchase the corporate and hand-deliver the pink-slips himself.

The scenario simmered for greater than a 12 months. Ultimately, Elliott’s pondering shifted. If Athena didn’t wish to implement the agency’s plans, then Elliott would attempt to implement these plans itself.

Elliott submitted a proper takeover provide in Might 2018. A month later, [Athena CEO Jonathan] Bush stepped down from Athena after Bloomberg printed a narrative detailing previous home violence allegations and newer accusations of office misconduct. Athena’s inventory continued to flounder, and its shareholders opted to facet with Elliott. A deal was reached by November, when Elliott teamed up with non-public fairness agency Veritas Capital to purchase Athena for $5.7 billion.

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