Elliott takes stake in U.K. takeover target WS Atkins: Reuters

U.S. hedge fund Elliott Capital Advisors disclosed on Monday it has taken a 6.8 percent stake in WS Atkins after the British engineering and construction consultancy business agreed to be bought in a $3.6 billion deal, Reuters reported. Elliott said in a regulatory filing that it had acquired the stake in a contracts-for-difference deal on April 21, the day after Atkins agreed to its acquisition by Canadian construction and engineering group SNC Lavalin. Elliott's stake in Atkins makes it the second-biggest shareholder, Thomson Reuters data showed, just behind asset manager Columbia Threadneedle Investments.

DealsCanadaNorth AmericaBriefs