Atticus Capital isn’t the only hedge fund which wants Barclays (nyse: BCS – news – people )to give up its fight for Dutch lender ABN Amro. (See: “Activists Slate Barclays On ABN Amro”) Seacliff Capital, a hedge fund in San Francisco, had its doubts from the moment market rumors started swirling that a deal was in the works.
So one hedge fund it telling another hedge fund that it is not a good idea to merge with ABN AMRO. True TCI never said that ABN AMRO should merge with Barclays. But isn’t the message ‘ABN AMRO is not as good a catch as it first looked like’. The longer this process takes, the worse the deal will be.