Posts Tagged ‘ Activist investors ’

Olivier Reza, one of the candidates suggested by Loeb to join the Sotheby's board

Third Point counters Sotheby’s latest position

Apr 15th, 2014 | By

Dan Loeb’s Third Point LLC has produced a vigorous response to Sotheby’s latest position by submitting a well researched new filing to the  SEC.  In a form schedule 14A, citing ‘Definitive Additional Materials,’  Third Point shows how that slumping profits and falling revenue back up their claims that Sotheby’s needs some new directors, a clearer vision
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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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