(Reuters) - The Sunday Times of London reported that Chicago-based
Harris had "secretly built a $1 billion stake" in UBS, which
has "faced calls from investors and analysts to split its
wealth management and investment banking divisions."
The paper did not directly say Harris was planning to
pressure UBS to split itself up. But it did say "the break-up
calls have gained support following the spectacular results of
TCI, the London hedge fund, in agitating for the break-up of
ABN Amro."
Read more at Reuters.com Mergers News
Harris had "secretly built a $1 billion stake" in UBS, which
has "faced calls from investors and analysts to split its
wealth management and investment banking divisions."
The paper did not directly say Harris was planning to
pressure UBS to split itself up. But it did say "the break-up
calls have gained support following the spectacular results of
TCI, the London hedge fund, in agitating for the break-up of
ABN Amro."
Read more at Reuters.com Mergers News
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