Dan Loeb’s Third Point Re To Merge After Years Of Losses – ValueWalk Premium
Nestle Dan Loeb Daniel Loeb third point capital hedge fund manager activist investor poison pen activism Yahoo corporate governance famous investors

Dan Loeb’s Third Point Re To Merge After Years Of Losses

Last week, Third Point Re insurance, which is backed by US hedge-fund manager Daniel Loeb, said it would merge with Sirius International Insurance Group in a cash-and-stock deal worth around $788 million.

The deal comes at a pivotal time for both companies.
Third Point Re To Merge After Years Of Losses
Early last year, reports started to emerge that Sirius International's parent CMIG, a private investment group, was facing liquidity issues related to a massive debt burden. The parent company, which owed approximately $34 billion in the first half of 2018, missed a bond payment in . . .


This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email support@valuewalk.com or click Chat.

Saved Articles

Here’s a Tip: Read What Professional Investors Read

ValueWalk Premium is for investors looking to improve their investment process AND keep up-to-date on the latest industry trends.

It’s THE resource for value investing and hedge funds. 📈

And with a free three-day trial and $29.99 per month thereafter, it’s a value in its own right.

Sign up now. 👇