His firm, Jefferies and Company, pioneer of after-hours trading activity, is applying for membership of the London Stock Exchange at the very moment of a blazing row over its most audacious deal yet.
On Friday October 24 a Big Bang exploded in the middle of the fierce New York takeover battle for control of US Allied Stores. The Canadian bidder Campeau dropped a tender offer for Allied stock just before 9am. But less than 30 minutes later it picked up 48% of Allied, which, with earlier purchases, gave it control and apparent victory over the rival bidder, Edward DeBartolo.
The dawn raid was organised by Jefferies.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
