Thursday, 21 August 2014
Last updated 15 hours ago
May 17 2012 | 1:01pm ET
With two scalps and three board seats a Yahoo! already in hand, Third Point is stuffing some more stock in its pockets.
Indeed, even before the New York-based activist hedge fund won the seats and the resignation of CEO Scott Thompson this week, it had padded its already substantial stake in the embattled Internet company. Third Point bought 14.5 million shares in the first quarter to bring its stake to 5.8% of the company, currently worth more than $1 billion.
Third Point chief Daniel Loeb—who has been agitating for a board shakeup at Yahoo! since last year—and two other Third Point representatives will take their seats on the company's board at its annual meeting. Loeb's hounding of Thompson over allegedly fudged academic credentials helped lead to his resignation on Sunday, four months after Loeb's attacks helped push Yahoo! founder Jerry Yang out.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note