Loeb Wins Key Ally In Sotheby's Battle – ValueWalk Premium

Loeb Wins Key Ally In Sotheby's Battle

Daniel Loeb may have won a contested endorsement in his bid to shake up the staid Sotheby's (NYSE:BID) board of directors after launching a well-defined marketing campaign.

Institutional Shareholder Services backs Loeb after Sotheby's courted them
The well-regarded proxy advisor Institutional Shareholder Services, utilized by small and mid-sized institutional investors, said on Thursday that it was backing the Loeb bid after being actively courted by Sotheby . . .


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