Posts Tagged ‘ Daniel S. Loeb ’

Shareholders list their demands to Sotheby's CEO William Ruprecht

Will aggressive activist investors shake up Sotheby’s? Ivan Lindsay investigates for Spears WMS Magazine

Feb 20th, 2014 | By

BIDDING WARSotheby’s finds itself locked in a battle with Dan Loeb, one of New York’s most aggressive fund managers. Loeb, 51, who refers to himself as an ‘activist investor’ (the current term for corporate raider), has built up a 9.3 per cent stake in the 269-year-old auctioneer using his Third Point LLC. Sotheby’s first realised
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Daniel S. Laub, founder and major shareholder in Third Point LLC

Activist investor Dan Loeb attacks Sotheby’s

Oct 3rd, 2013 | By

Activist investor, Daniel S. Loeb, has revealed that his hedge fund, Third Point, is now the largest shareholder in Sotheby’s holding 9.3% of the outstanding shares.  Known for his stellar results and previous shareholder activism at Sony and Yahoo Loeb has now turned his sights on Sotheby’s writing an open letter asking for the resignation of
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