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Dan Loeb: We Are Owners of FedEx Shares - We Like The Stock And The CEO
Tuesday, November 12, 2013 - 3:28pm | 178Read More...Third Point founder Dan Loeb revealed that his hedge fund has initiated a position in FedEx (NYSE: FDX). During a live CNBC interview with Deal Book's Andrew Ross Sorkin, Loeb indicated he likes the management, especially Fred Smith, the company's CEO. When pressed to describe his thoughts on...
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EXCLUSIVE: Tibco CEO Vivek Ranadive on Industry Valuation and Dan Loeb
Thursday, October 17, 2013 - 3:54pm | 566Read More...This is the third of a three part series. The first part includes comments on global strategy and increasing revenue while the second features growth and mobile. In an exclusive interview with Benzinga, Tibco (NASDAQ: TIBX) CEO Vivek Ranadive discussed valuation, meeting with hedge fund...
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Sotheby's Shares Surge Following News of Increased Stake by Loeb's Third Point
Monday, August 26, 2013 - 3:54pm | 173Read More...Shares of Sotheby's (NYSE: BID) have surged about 3 percent in afternoon trade Monday following a 13D filing from Dan Loeb's Third Point LLC. Sotheby's shares are now trading around $47.60. The 13D filing from Third Point showed a brand new 5.7 percent stake, or 3.925M shares, in the art and...
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Astec Analytics' Tim Smith Says Lending In Herbalife Shares Is 'Hot But Not White Hot' (HLF)
Tuesday, August 6, 2013 - 2:58pm | 744Read More...The battle over Herbalife (NYSE: HLF) has raged for months now, with hedge fund titans battling it out over the future of this stock. Notably, Carl Icahn of Icahn Enterprises (NYSE: IEP) has bought over 16 percent of the stock while Bill Ackman of Pershing Square Capital has taken a large short...
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Herbalife Shares Rise Despite Reported Ackman SEC Complaint, Bob Chapman Is Astounded (HLF)
Monday, August 5, 2013 - 1:52pm | 567Read More...Reports circulated Monday that activist investor Bill Ackman has filed a complaint to the Securities and Exchange Commission over comments made by George Soros which reflected his intent to acquire a stake in nutritional supplement company Herbalife (NYSE: HLF). Ackman alleges that Soros broke...
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Dan Loeb's Third Point Takes Stake in CF, Highlights Underperformance 'Despite Emergence of Several Positive Indicators'
Monday, July 29, 2013 - 3:08pm | 556Read More...Shares of CF Industries (NYSE: CF) charged through the $192 level during Monday's late-afternoon trading session following the disclosure of an equity position by none other than Dan Loeb's Third Point. CF shares rallied as much as 6.5 percent. While the letter did not specifically mention the...
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Yahoo Media Head Mickie Rosen Leaving Company (YHOO)
Tuesday, July 23, 2013 - 4:17pm | 522Read More...Another day, another departure at Yahoo! (NASDAQ: YHOO). AllThingsD reported Yahoo media head Mickie Rosen has resigned. Her last day will be Friday, July 26, according to a memo from CEO Marissa Mayer. As AllThingsD noted, Rosen spearheaded a host of major video and other content initiatives...
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UPDATE: Needham Downgrades Yahoo! to Hold, Sees Overhang Until Loeb Sells Remaining 20M Shares
Tuesday, July 23, 2013 - 1:10pm | 122Read More...Needham's Laura Martin downgraded Yahoo! Inc. (NASDAQ: YHOO) shares from Buy to Hold Tuesday morning, also removing the previous $31 price target. The analyst cited "implied higher risks" on the heels of Third Point's Dan Loeb selling half of his position in the company. Martin believes Loeb's...
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Yahoo! Reports Repurchase of 40M Shares Held by Loeb's Third Point, Price Was $29.11/Share
Monday, July 22, 2013 - 9:19am | 410Read More...Yahoo! Inc. (NASDAQ: YHOO) today announced that it has entered into an agreement to repurchase 40 million shares of Yahoo! common stock beneficially owned by Third Point LLC ("Third Point"), at a purchase price of $29.11 per share. The purchase price equals the closing price of Yahoo! common stock...
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Dan Loeb's Third Point Boosts Sony Stake, Reiterates Stance For Entertainment IPO (SNE)
Tuesday, June 18, 2013 - 3:11pm | 410Read More...Activist investor Dan Loeb of Third Point Capital has taken a larger stake in embattled technology maker Sony (NYSE: SNE) in an attempt to maximize shareholder value in the conglomerate. Loeb overnight announced that his fund raised its stake in the company to 6.9 percent in a bid to force through...
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Long Setup in Herbalife Still Attractive; Stock Breaks Out as New Auditor Hired
Tuesday, May 21, 2013 - 5:21pm | 843Read More...Few stocks have attracted more news over the last six months than nutritional supplement maker Herbalife (NYSE: HLF). Even casual market observers are aware of the circumstances surrounding the the initial bout of extreme volatility in the name back in December 2012. The shares went into free-...
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Third Point's Dan Loeb Wants to Break Up Sony
Tuesday, May 14, 2013 - 9:34am | 588Read More...Dan Loeb, the founder and CEO of Third Point LLC (a hedge fund with $12.9 billion AUM), has amassed a 6.5 percent stake in Sony (NYSE: SNE). Now he wants to break up the company in an effort to increase shareholder value. According to The New York Times, Loeb believes that a partial spinoff of...
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Yahoo Shares Up After Barclays Upgrade
Monday, March 4, 2013 - 5:23pm | 189Read More...Shares of Yahoo (NASDAQ: YHOO) rallied on Monday after analysts at Barclays upgraded the Internet name to Overweight and raised its price target to $26 from $22. Shares of Yahoo traded up well over 3.50% on the news, near $22.70. In a note, Barclays argues that Yahoo's Alibaba stake has increased...
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The People Have Spoken: Icahn is Right
Friday, February 22, 2013 - 9:56am | 388Read More...Last week, Benzinga asked its users to vote on Twitter which side of the Herbalife (NYSE: HLF) debate they are on, and so far the masses believe that Carl Icahn, on the long side of the bet, is correct. If you haven't voted, you can do so here or by tweeting #TeamAckman or #TeamIcahn. As Seeking...
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ETFs Skirting Herbalife Saga...For Now
Friday, February 15, 2013 - 1:44pm | 862Read More...For better or worse, exchange traded funds are not intimately involved in the Herbalife (NYSE: HLF) tussle. That being the one where Pershing Square founder Bill Ackman is short 20 million shares of the nutritional supplements maker on the thesis that the company is pyramid scheme. The same one...













