FMC, a $10 bln pesticide-to-battery-parts maker, is splitting its fast-growing ag and pharma businesses from stodgier commodity minerals. It’s similar to the breakup activist Dan Loeb wants at Dow Chemical. Boss Andrew Liveris is standing firm. FMC’s move weakens his case.
Hedge fund activist Dan Loeb doesn't tweet often — only 13 times actually — but this week went after New York City Mayor Bill de Blasio over charter schools. Loeb directs the board of Success Academy Charter Schools in New York, andShow More Summary
The hedge fund activist surprised the auctioneer by nominating three directors, after the firm offered him one uncontested board seat and listened to, and even acted on, some of his gripes. Loeb must have reasons, but it may discourage other targets from engaging with activists.
(Reuters) - Activist investor Daniel Loeb said on Thursday he would nominate himself and two others to the board of Sotheby's Inc, piling pressure on the auctioneer to focus more on its competitive position and management.
After shooting down directorship at art auction house, hedge fund manager wants to bring along two buddies as board members.
Dan Loeb and his fund Third Point have slightly upped their activist position in Sothebys (NYSE:BID) and proposed several candidates, including Mr. Loeb to be elected on the company’s board. According to a newly amended filing with the SEC, Third Point currently holds 6.55 million shares, versus 6.35 million held previously. The position amasses 9.53% of the […]
This should be fun. Dan Loeb has nominated himself and two others — Harry J. Wilson, and Olivier Reza — to Sothebys' board, to be voted on at the body's 2014 annual, according to a filing. Loeb's hedge fund, Third Point Partners hasShow More Summary
Hedge fund manager Daniel Loeb, who runs $14 billion Third Point LLC, was on a panel yesterday with His Holiness the Dalai Lama at the American Enterprise Institute in Washington, D.C. Loeb explained to His Holiness how financial markets...Show More Summary
Hedge fund manager Daniel Loeb, who runs Third Point LLC, was on a panel this morning with His Holiness the Dalai Lama. The panel, hosted by American Enterprise Institute (AEI), was called "Moral free enterprise: Economic perspectives in business and politics." Each panelist spent a few minutes discussing an issue that mattered to them. Show More Summary
What its newest superinvestor means for BlackBerry stock.
In the current round of 13F filings, hedge funds and other institutional investors are disclosing their equity portfolios as held at the end of the last year. In its latest 13F, Third Point LLC, led by Dan Loeb, revealed its holdings as held at the end of the fourth quarter of 2013. This article concisely analyzes the […]
The hedge fund, which had advocated a partial spin-off of the company's entertainment business, was not listed on a regulatory filing last week. read more
ByQuoth the Raven: BlackBerry (BBRY) is one of the largest positions in my portfolio. So, naturally, when a guy like Dan Loeb comes out and discloses that he has a $92 million position in the company (roughly 2%), it feels good. Especially after the unceremonious couple of weeks BlackBerry has had since running up through $10. Show More Summary
Hedge fund manager Daniel Loeb, who runs $14 billion Third Point LLC, disclosed a huge stake in Blackberry Ltd. In his fund's latest 13F filing, Third Point held 10 million shares of BlackBerry during the fourth quarter ended December...Show More Summary
Federal filings this afternoon show activist investment firm Third Point, run by former Yahoo! (YHOO) board member Dan Loeb, bought 10 million shares of BlackBerry (BBRY) in Q4, at a total value of $74.4 million. The prior filing showed Third Point having no BlackBerry holdings. BlackBerry shares today closed down 34 cents, or 3.7%, at $8.98. [...]
…on the topic of this plastics-business spin-off idea, the author of which shall apparently remain nameless. Dow Chemical said on Tuesday that it saw no value in pursuing a significant breakup, dealing a setback to a hedge fund manager...Show More Summary
Omega’s Cooperman Sees Stocks Rising After ‘Healthy’ Retreat (SFGate) The stock market’s decline this year is healthy and the Standard & Poor’s 500 Index probably will end 2014 higher, Leon Cooperman, chairman of hedge fund Omega Advisors Inc., said on Bloomberg Television. “I say it’s a correction that’s creating some values, which is what we […]
Dow Chemical turned in a great quarter, but Dan Loeb stole most of the headlines when he discussed his hopes for multiple spin-offs.
Andrew Liveris will give the Third Point chief the share buyback program he wants—not because he asked for it, but because Dow was going to do it anyway. But he’s having none of this “spin off your petrochemical business” nonsense, because Warren Buffett says he doesn’t have to. Show More Summary
Back in October, hedge fund manager Dan Loeb sat down at his desk to pen a letter to auction house Sotheby’s, wherein he informed management that, among other things, they don’t know dick about contemporary art. The Third Point founder...Show More Summary