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In its struggle to force EADS to shed its jumbo stake in French plane maker Dassault, London-based hedge fund TCI has come up with a clever idea at the wrong time. The fund said in August that it wanted the pan-European aerospace group to either find a trade buyer for the 46 per cent of Dassault it owns, or to list it. Now it reckons the group should distribute the stake to its own shareholders through a special dividend, thus avoiding selling Dassault at an unattractive price.