NEW YORK--(BUSINESS WIRE)--Third Point LLC (“Third Point”), an alternative investment manager with $12 billion of assets, today announced that it has entered into a definitive agreement to acquire AS ...
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Third Point, D.E. Shaw obtain agreements with CoStar. How the activists can build value
Business: CoStar Group is a provider of online real estate marketplaces, information and analytics in the property markets. It manages its business in two segments: North America, which includes the ...
Since Dan Loeb founded Third Point in 1995, the firm has been known for its equity investments and especially its activism. Early on, Loeb became legendary for his acerbic letters laced with scathing ...
During the Third Quarter, Third Point returned 3.2% net in the flagship Offshore Fund. Our performance for the quarter and year has been below our expectations due to the weak performance of several ...
Last year, we approached CoStar management and expressed our concerns about the weak board oversight, misalignment of management incentives, and disastrous capital allocation policies that allowed CEO ...
Activist Commentary: D.E. Shaw is a large multi-strategy fund that is not historically known for activism. The firm is not an activist investor. Rather, it uses activism as an opportunistic tool in ...
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