{"id":4527,"date":"2006-06-02T00:00:00","date_gmt":"2006-06-02T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"mirant-should-put-itself-up-for-sale-2-billion-activist-hedge-fund","status":"publish","type":"post","link":"https:\/\/staging.hedgeco.net\/news\/06\/2006\/mirant-should-put-itself-up-for-sale-2-billion-activist-hedge-fund.html","title":{"rendered":"Mirant should put itself up for sale, $2 billion activist hedge fund"},"content":{"rendered":"<div class=\"p\">  SAN FRANCISCO (MarketWatch) &#8212; Pirate Capital LLC questioned Mirant Corp.&#8217;s efforts to acquire rival NRG Energy Inc. and said the company should instead put itself up for sale, according to a  Securities and Exchange Commission filing by the activist hedge fund Thursday.<\/div>\n<div class=\"p\">\n<div class=\"p\">  In a June 1 letter to Mirant Chief Executive Edward Muller, Pirate Capital said consolidation in the power industry is necessary but warned that the Atlanta-based energy company shouldn&#8217;t be the  one pursuing acquisitions.<\/div>\n<div class=\"p\">\n<div class=\"p\">\n<div class=\"p\">    Pirate Capital, which oversees almost $2 billion in assets and owns 1.6% of Mirant&#8217;s shares, is among a group of hedge funds that have begun targeting the companies in which they invest and    openly criticizing management to force changes.  <\/div>\n<div class=\"p\">    The firm&#8217;s Jolly Roger funds, run by Thomas Hudson, have generated strong returns recently, attracting lots of new investors.  <\/div>\n<p>    <a href=\"http:\/\/www.marketwatch.com\/News\/Story\/9zP6rz3bQRhGpkJxF4DvLNH?siteid=mktw&amp;dist=TNMKTW\"><strong>Read Complete Article<\/strong><\/a>  <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN FRANCISCO (MarketWatch) &#8212; Pirate Capital LLC questioned Mirant Corp.&#8217;s efforts to acquire rival NRG Energy Inc. and said the company should instead put itself up for sale, according to a Securities and Exchange Commission filing by the activist hedge [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4527","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4527"}],"version-history":[{"count":0,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4527\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}