Penn Virginia (PVA) – Billionaire George Soros owns almost 9% of PVA and the company has officially put itself up for sale, hiring an investment bank to find a buyer for the company.Whiting Petroleum (WLL) – Billionaire John Paulson owns more than 6% of Whiting Petroleum. Paulson is an expert at M&A and merger speculation, and Whiting has also officially put itself up for sale, hiring consultants and investment banks to sell the company or assets. ...
Investors continue to look at the John Paulson as a way to bet on rising merger and acquisition activity globally, as companies look to scale their operations and take advantage of record-low financing costs. Billionaire John Paulson received a lot of press for a 36% drop in his Advantage Plus fund last year as assets at Paulson & Co. fell below $20 billion. But investors continue to look at the hedge fund manager as a way to bet on rising ...
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