Billionaire investor Daniel Loeb said on Friday that his hedge fund Third Point LLC will vote against the proposed merger between United Technologies and Raytheon.
"We have concluded that the proposed combination of United Technologies and Raytheon is ill-conceived and unlikely to create value...
Billionaire activist investor Daniel Loeb said in a letter to investors on Monday that his Third Point LLC hedge fund has taken a stake in PayPal Holdings Inc. The hedge fund did not disclose the size of its stake in the online payments firm.
"Consumers love PayPal because it enables hassle‐free,...
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