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TWO American investment supports have taken poignant stakes in Qinetiq, the privatised counterclaim agency, underlining City hopes of a poignant reorganization of the organisation underneath new arch senior manager Leo Quinn.
Artisan Partners, a Wisconsin organisation that manages scarcely $50 billion (33 billion) of investment funds, disclosed on Friday it had paid for only over 5% of Qinetiqs shares. Ruane Cunniff Goldfarb, a New York account that manages $14 billion, took a 10% stake.
Qinetiq shares have languished after a argumentative privatisation that done millions for the management, the American in isolation equity organisation Carlyle and the government. The shares were listed at 200p, and sealed last week at 134p.
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