US hedge fund brings UDG stake to above 5 per cent

Kabouter Management was founded by Peter Zaldivar and Marcel Houtzager

Barry J Whyte

Chief Feature Writer @whytebarry
9th July, 2017

A Chicago-based hedge fund has paid £21.5 million (€24.5 million) to bring its stake in the Irish drug company UDG Healthcare above 5 per cent.

Kabouter Management, founded by Peter Zaldivar and Marcel Houtzager, now holds a stake in UDG worth more than £107.5 million (€121.5 million) at the company’s current share price of £8.66.

The firm last bought a chunk of shares in UDG in November, according to filings only reported last week,...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 11 months ago

The Daily Briefing

The Daily Briefing