Elliot Advisors (UK) Ltd., a unit of the U.S. hedge fund founded by Paul Singer, is backing OpCapita LLP’s bid to buy Kesa Electricals Plc (KESA)’s U.K. Comet chain, Sky News’s Mark Kleinman reported on his blog, without citing anyone.
Elliot’s support may help OpCapita beat a competing offer for Comet, an electrical retail chain, from restructuring company Hilco Capital LP, Kleinman wrote. OpCapita declined to comment on Elliot’s backing, according to Kleinman.
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