Dan Loeb pushes a hidden Sony jewel into the light, says mak_robyn:
Third Point LLC, the U.S. activist fund managed by Daniel Loeb, on June 13 called on Japan's Sony to spin off its semiconductor business and sell off stakes in listed units like Sony Financial, among other things.
In a letter accompanied by a 102-page presentation, the New York-based hedge fund said Sony's stock was undervalued in part because of its complex structure. The semiconductor division is"often treated by investors as an afterthought" and should be spun off into a Japan-listed company called Sony Technologies, Loeb added.This marks the second time in six years that Loeb, one of the world's highest-profile activist investors, has targeted the Japanese electronics maker.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dan Harris Will Step Down From ABC’s ‘Nightline’ (EXCLUSIVE)In his 2014 book, “10% Happier,” Dan Harris recounts a time when he stepped on to the set of ABC’s “Good Morning America” to do his anchor job there, and began sufferi…
Read more »
EastEnders star Jacqueline Jossa discusses more baby plans with husband Dan OsborneJacqueline Jossa has opened up about more baby plans with husband Dan Osborne. The couple already share two young daughters together...
Read more »
Dan Fogelman Honored at Los Angeles Confidential’s Impact AwardsPamela Adlon was also recognized at the magazine's first annual awards to honor those behind the scenes and below the line crew members who create the costumes, sets and visual effects that make Hollywood’s top TV shows look and sound their best.
Read more »
MSNBC Daytime Shakeup Gives Jonathan Wald & Dan Arnall Programming OversightAs MSNBC’s ratings soften post-Mueller Report, the NBCUniversal news outlet has revamped its executive lineup for daytime. Deadline has confirmed that SVP Programming and Development Jonathan…
Read more »
Hailey Bieber and Kendall Jenner Fave Cloney Sets First CollaborationThe streetwear brand loved by Hailey Bieber, Kendall Jenner, Kanye West and more launches its first official collaboration with L.A.’s old-school haunt Dan Tana’s restaurant.
Read more »
Huawei's Chinese Phones Are Also AmericanThe U.S. blacklisting of Huawei is cutting off American businesses from a big client. WSJ’s Dan Strumpf looks at the American technology that has powered the Chinese company’s smartphones. Photo composite: Sharon Shi
Read more »