Hedge Funds Aim to Break Tycoon’s Hold Over Packaging Empire
Arini and Canyon are fighting Paul Coulson in court as they seek to take control of Ardagh’s valuable metal packaging business
Paul Coulson after Ardagh rang the opening bell at the New York Stock Exchange in March 2017
Photographer: Drew Angerer/Getty Images North AmericaWelcome to The Brink. It’s Luca Casiraghi in Milan, Jennifer Duggan in Dublin and Donal Griffin in London, where we looked at the career trajectory of Irish tycoon Paul Coulson ahead of a battle against hedge funds for control of Ardagh. We also have news on Forever 21, Panama bonds and Thames Water. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
The legal battle between hedge funds and Irish tycoon Paul Coulson for the control of Ardagh Group has just started, but it’s been years in the making.