Challenge To Aquila Buyout May Be Dropped

Law360, New York (July 16, 2007, 12:00 AM EDT) -- A hedge fund that slapped Aquila Inc. with a lawsuit in hopes of blocking the energy company's proposed $1.7 billion sale to Great Plains Energy Inc. may be having a change of heart, with the two sides having begun talks to try to resolve the dispute.

On Thursday, Pirate Capital LLC revealed in a filing with the U.S. Securities and Exchange Commission that negotiations were underway to settle the shareholder suit, which was filed in the Delaware Chancery Court in April.

Four funds run by Pirate...
To view the full article, register now.