ABN Amro has hired four investment banks to advise on strategic options as it builds its defence against a campaign by The Children’s Investment Fund (TCI), an activist hedge fund, for a break-up of the Dutch banking group. ABN has retained Rothschild, Lehman Brothers, Morgan Stanley and UBS to study its possible responses to TCI.  Last week the London-based fund wrote to ABN’s board listing five resolutions it wants to put to the bank’s shareholder meeting at the end of April. Though TCI, which has a 1 per cent stake in ABN, is leading the campaign, other institutional shareholders have given their support. On Wednesday PGGM, the large Dutch health and social workers retirement plan, said it shared some of TCI’s concerns.

This entry was posted by Helen Thomas on Friday, March 2nd, 2007 at 4:56 and is filed under Capital markets, Hedge funds. Tagged with abn amro, tci. Edit this entry.