Dan Loeb Asks Fanuc To Conduct A Large Buyback

Activist investor Dan Loeb has asked Japan’s robot maker Fanuc to conduct a large buyback soon and fix its “blatant capital inefficiency.” The activist investor known for his stinging criticism has taken a more measured approach in Japan where shareholder activism has a mixed trend. Earlier, Sony rejected his call to partially spin off its entertainment arm. Dan Loeb’s “large” stake in Fanuc As reported by ValueWalk, in his Q4 letter to shareholders, Loeb disclosed that his hedge fund Third Point has taken a stake in Fanuc. He described Fanuc as a unique company with a long history of being the best…