Jim Chadwick 0.6 2 ideas

Managing Partner, Ancora
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0 winning  /  1 losing  ·  1 positions (30d)
Net: -3.0%
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2 ideas -3.0%
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WBD 1 ideas
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PARA 1 ideas
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Chadwick calls the
PARA CNBC Feb 11, 15:12
Managing Partner, Ancora
Ancora has a growing stake in Warner Brothers and believes the board is currently favoring an inferior, conditional deal (Netflix) while rebuffing a superior all-cash/certain offer from Paramount. Activist pressure (including a potential proxy fight) will force the board to negotiate with Paramount, unlocking a higher bid ("enhanced offer") and avoiding the regulatory pitfalls of the Netflix deal. LONG (Activist Target / M&A Play). Regulatory blocking of any deal; Board entrenchment accepting the lower-value Netflix bid; Deal financing falling through.
WBD CNBC Feb 11, 15:12
Managing Partner, Ancora
Jim Chadwick (Managing Partner, Ancora) | 2 trade ideas tracked | WBD, PARA | YouTube | Buzzberg