Third Point Has Big Shell Stake, Urges Energy Giant to Break Up
Daniel Loeb’s Third Point LLC has taken a large stake in Royal Dutch Shell PLC and is urging the oil giant to separate into two companies to retain and attract investors as many flee stocks seen as environmentally unfriendly.BIAS COVERAGE DISTRIBUTION
Third Point builds $750 million stake in Shell, urges breakup
By Arathy S Nair -Activist investor Daniel Loeb's Third Point has built a near $750 million stake in Royal Dutch Shell, a source close to the matter told Reuters on Wednesday, and is arguing for a breakup of the oil major. In a letter to its own investors, seen by Reuters, Third Point said Shell had "too many competing stakeholders pushing it in too many different directions, resulting
Third Point builds $750 million stake in Shell, urges breakup
October 27, 2021By Arathy S Nair(Reuters) -Activist investor Daniel Loeb’s Third Point has built a near $750 million stake in Royal Dutch Shell, a source close to the matter told Reuters on Wednesday, and is arguing for a breakup of the oil major.In a letter to its own investors, seen by Reuters, Third Point said Shell had “too many competing stakeholders pushing it in too many different directions, resulting in an incoherent, conflicting set of…
WSJ News Exclusive | Third Point Has Big Shell Stake, Urges Energy Giant to Break Up
The activist hedge fund’s stake is worth well over $500 million, making it one of the Anglo-Dutch company’s largest investors.
Third Point takes $750m Shell stake and calls for break-up of energy giant
Shell is under pressure to break up after activist hedge fund Third Point built up a $750million stake.The post Third Point takes $750m Shell stake and calls for break-up of energy giant appeared first on Energy Voice.
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