Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
twiter
New to Comunitee?


or Sign Up with Email

Business

>> LOEB Latest News

FEB 02, 2013 - Zero Hedge

A Must Read - Share

Dan Loeb Sells 15% Of Yahoo Stake In Past Two Days

While the initial response to last week's YHOO earnings was afterhours euphoria all of which fizzled in the first hours of trading, sentiment on the firm which has yet to do more than merely promise may sour in the coming days even more following news late on Friday that the company's formerly staunchest advocate, Third Point's Dan Loeb sold some 15% of his stake, or 11 million of 73 million shares on Thursday and Friday at a price between $19.68 and $19.70. The remaining stake is now 62 million shares, which means Third Point is now longer the firm's largest institutional holder with a ... Read More

Tags: Dan Loeb Sells 15% Of Yahoo Stake In Past Two Days,  Loeb Latest News