Loeb’s Third Point Nominees For Sothebys Get Marcato’s Backing – ValueWalk Premium
Sothebys

Loeb’s Third Point Nominees For Sothebys Get Marcato’s Backing

Third Point’s proxy battle to gain three board seats at Sothebys (NYSE:BID) gains support from activist hedge fund firm Marcato Capital Management LLC.

Sothebys (NYSE:BID)’s earlier promise to return $450 million to shareholders failed to appease activist investors.
Third Point’s proxy war
In its regulatory filing with the Securities and Exchange Commission

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