Loeb launches a bid for Sotheby’s

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Sotheby’s, the New York-based art and collectibles auction house, is being targeted by Daniel Loeb’s Third Point activist hedge-fund firm, which amassed a 5.7 percent stake.
Third Point, based in New York, spent $156.7 million on the holding, according to a filing today with the Securities… …read more
Source: NY Post

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