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Investcorp fed-up with Elliott tactics over AC Milan sale; ready to walk

 Investcorp are upset with Elliott Management's negotiating tactics over their attempt to buy AC Milan.

Late interest from RedBird Capital has seen Investcorp's talks with Elliott stall over their €1.2bn offer.

La Gazzetta dello Sport says the Bahrain-based fund are unimpressed by Elliott's tactics.

Elliott reportedly prefer Red Bird's offer due to the formula of the finances, as Investcorp's proposal involved €400m of loans in addition to €800m of equity.

Investcorp are now demanding a quick answer from Elliott with the risk of them walking away from the table.

Indeed, a deadline from Investcorp has now been delivered to American hedge fund Elliott to sell to them.

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