Active Value, a London-based fund manager, said that it had purchased 2.5 million shares of Cordiant, bringing its total stake to 25.13 percent.
12.
Some analysts have speculated that Active Value may be hoping to pressure WPP to sweeten its $ 16.8 million offer to Cordiant shareholders.
13.
Active Value has been a steady buyer of Cordiant shares, even over the last year, as the company's stock price has fallen 95 percent.
14.
Earlier, the California Public Employee Retirement System said it would invest $ 200 million in Active Value Capital LP, another activist fund in Britain.
15.
Some analysts have speculated that Active Value may be hoping to pressure WPP to sweeten its $ 16 . 8 million offer to Cordiant shareholders.
16.
Active Value, a London-based fund manager, said that it had purchased 2 . 5 million shares of Cordiant, bringing its total stake to 25 . 13 percent.
17.
A spokesman for Active Value said on Tuesday that it was waiting to see the details of any deal between WPP and Cordiant before deciding what to do.
18.
Active Value Advisors, a fund manager, has amassed nearly 17 percent of Cordiant's shares and has been agitating for the company to stay independent but replace its management.
19.
The value of a Power usually serves as both Active Value ( AV ) and Effect Value ( EV ) resisted by the target's Resistance Value ( RV ).
20.
"A significant majority of the votes cast by shareholders other than Active Value were in favor of retaining the three directors, Active Value's votes for removal were sufficient to pass the resolutions,"
