US EditionThird Point reveals stake in US Steel, eyes credit and event-driven opportunities
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Third Point reveals stake in US Steel, eyes credit and event-driven opportunities
Third Point, the hedge fund led by Daniel Loeb, has disclosed a “meaningful” stake in US Steel, expressing confidence that the company’s proposed merger with Japan’s Nippon Steel will proceed despite recent political headwinds, according to a report by Reuters. The report cites Loeb as writing in a recent investor letter seen by Reuters that Third Point expects the deal to go ahead due to the “industrial logic” of the tie-up, which the firm sees…
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