Einhorn's Greenlight Discloses Investment in UIL Holdings
- Firm takes stake in Michael Kors, seeing growth outside U.S.
- Money manager says SunEdison being misjudged by investors
This article is for subscribers only.
Greenlight Capital, the hedge fund firm led by David Einhorn, took a stake in UIL Holdings Corp., the New Haven, Connecticut-based utility that plans to combine with the U.S. assets of Spain’s Iberdrola SA.
After the merger, the business will be “less levered than its peers with a large tax asset and attractive renewables cash flows,” Einhorn said in a letter to investors Wednesday.