globe and mail article
Intertain buyout talk raises red flag When Intertain Group Ltd. revealed last week in a press release, alongside its quarterly financial results, that it had received many expressions of interest in a potential sale of the online gambling company, David Heden took note. Mr. Heden, chief investment officer of hedge-fund company HGC Investment Management, runs one of Canadas best-known merger arbitrage funds. Over the past three years, hes invested in hundreds of mergers and acquisitions transactions and scrutinized thousands more. In his view, Intertains release and subsequent conference call with analysts raised a red flag. Full Story