#third point

Billionaire hedge fund manager Daniel Loeb sees room for Apple’s stock price to climb, especially if the technology company successfully harnesses artificial intelligence for its iOS mobile operating system. “Despite the stock’s recent strong appreciation, we see room for significant upside ahead as the magnitude of this new AI opportunity surprises,” Loeb wrote to his investors in his Third…

Intel Says Prepared to Work With Third Point Hedge Fund on Business Focus

Intel’s shares rose sharply Tuesday after the pc chip large mentioned it was ready to work with a hedge fund on modifications to its enterprise to spice up shareholder worth. The market motion got here after Intel acknowledged receiving a letter from Third Level, led by activist investor Daniel Loeb. Intel rose 4.9 p.c to shut at $49.39 (roughly Rs. 3,600). “Intel Company welcomes enter from all…

Third Point LLC, l’hedge fund statunitense che ha spinto per cambiamenti in aziende che vanno da Nestlé SA a Campbell Soup Co, ha accumulato una partecipazione nel produttore Ray-Ban EssilorLuxottica SA, persone che hanno familiarità con la questione hanno detto domenica.

Third Point, gestito dall’investitore miliardario Daniel Loeb, sta prendendo di mira EssilorLuxotticanel mezzo di una lotta…

Recovery hopes brighten as Campbell Soup nears deal with Third Point

The future of Campbell Soup Company (CPB) has been hanging in the balance for several months now amidst pressure from activist investors – worried about the food company’s dismal financial performance and mounting debt – to restructure the business. Though the call to sell the company gathered momentum after its poor performance in the June quarter, the latest developments indicate the…

Investment firm Third Point LLC and Campbell Soup Co squared off over plans for the company's future on Tuesday, with the hedge fund pushing for hiring a "highly qualified" chief executive officer and the company saying it was already searching for a permanent chief.