Saturday July 4, 2020

Market Talk

Struggling C&C is under attack from a New York hedge fund

Ian Guider

Markets Editor

@ianguider
25th October, 2015
4
C&C, maker of Bulmers, will publish results on Wednesday

There’s nothing more chilling for a company to hear than news of an activist hedge fund secretly building up a stake while intent on demanding changes. Orange Capital, a New York hedge fund, has been on the back of the management of C&C – the maker of Bulmers cider – for months, but its gripes have only spilled into the public domain now.

Orange Capital has amassed a stake of almost...

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