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>> LOEB Latest News

MAY 16, 2013 - Time

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Investors Are Betting That Japan Is at a Tipping Point

A few weeks ago I wrote a column entitled “The Barbarians Are Back,” which looked at how cash rich U.S. firms were drawing the attention of “activist investors” – a.k.a. corporate vultures. Well, American companies aren’t the only ones in their crosshairs  – Japanese blue chips are too. Sony, one of Japan’s best known brands, has become a target for American activist investor Daniel Loeb. His $11 billion hedge fund Third Point has taken a $1.1 billion stake in the Japanese conglomerate, and last weekend delivered a polite but firm letter pushing the company to spin off a big chunk of ... Read More

Tags: Investors Are Betting That Japan Is at a Tipping Point,  Loeb Latest News