Loeb Legal Team Says Sothebys Shows "Disdain" In Poison Pill BidMark Melin
Activist hedge fund Third Point is suing auction house Sothebys (NYSE:BID) over its adoption of a poison pill provision that would prevent passive investors from purchasing more than 20% of the company.
Third point blocked from holding 20%
Third Point currently owns 9.6% of the firm and is engaged in what is becoming a rather exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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