Hedge fund Paulson & Co, whose activist battle to force The Hartford(HIG) to split itself in two was met by a restructuring plan by the company, has filed a form 13G indicating that its investment is once again passive. Paulson had previously said that the company’s new plan did not go far enough. A company spokesman stated that the company was pleased with Paulson’s action.
Disclosure: The author holds no position in any stock mentioned
- Sigh of Relief for HIG, With Paulson Active No More (blogs.wsj.com)
- Paulson To HIG: Time To Announce Spin Is NOW (stockspinoffs.com)