Page 66 - Daniel Loeb News Today

SHARE A prominent activist investor has called on Intel Corp. to weigh “strategic alternatives” that could include separating its chip design and production operations, according to a Reuters report from this morning. The investor, hedge fund Third Point Management, reportedly outlined its position in a letter sent to Intel today. Third Point, which has a track record of persuading companies to implement business changes, is said to have bought nearly $1 billion worth of Intel shares in the...

Intel urged to explore deal options by Hedge Fund   Published On Intel urged to explore deal options by Hedge Fund (Reuters) - Activist hedge fund Third Point LLC is pushing Intel Corp to explore strategic alternatives, including whether it should keep chip design and production under one roof, according to a letter it sent to the company’s chairman on Tuesday that was reviewed by Reuters. Were it to gain traction, Third Point’s push for changes could lead to a major shakeup at Intel, whi...

Activist hedge fund manager Daniel Loeb takes on Intel, plans launch of new VC fund Third Point, the activist hedge fund run by Daniel Loeb, is busy in the waning days of 2020. It’s had great returns despite huge turbulence early in the pandemic — Reuters says that it is up 12.3% for the year as of earlier this month — and the firm clearly sees more and more potential for growth in the tech sector. First, we learned via Asa Fitch at the Wall Street Journal yesterday that the hedge fund se...

Third Point's Daniel Loeb sends a pointed letter to the company's board chairman.

Shares of technology companies fell, but not by as much as the broader market, after activist investor Daniel Loeb opened a campaign for an overhaul of chipmaker Intel. Mr. Loebs hedge fund... | January 23, 2021

Activist investor calls for breakup of chipmaker Intel Chipmaker Intel has been losing ground to rival technology companies in recent years 30 December 2020 • 9:54am Intel shares have risen after one of the world’s most prominent activist investors called for a partial breakup of the technology company. Third Point, the activist hedge fund, has urged Intel chairman Omar Ishrak to spin out the company’s computer chip manufacturing business and to undo a series of costly acquisitions. Deals...

Analysis: Intel has few good options as investor demands break-up Toggle share menu Advertisement Analysis: Intel has few good options as investor demands break-up Activist investor Daniel Loeb wants Intel Corp to consider splitting its huge chip manufacturing operations from its chip design and development business, but analysts say doing so could weaken both businesses unless the firm can form a joint venture. FILE PHOTO: The logo for the Intel ...

Dec. 30, 2020 8:00 am ET Order Reprints Print Article U.K. Prime Minister Boris Johnson with a vial of the AstraZeneca/Oxford University Covid-19 vaccine. (Photo by Paul Ellis - WPA Pool/Getty Images) Getty Images Text size AstraZeneca’s Covid-19 vaccine was approved by U.K. regulators Wednesday—but the approval doesn’t look likely to change market skepticism about the company. The vaccine developed by AstraZeneca along with Oxford University became th...

Intel Says Prepared To Work With Hedge Fund On Business Focus 12/29/20 AT 8:08 PM Intels shares rose sharply Tuesday after the computer chip giant said it was prepared to work with a hedge fund on changes to its business to boost shareholder value. The market action came after Intel acknowledged receiving a letter from Third Point, led by activist investor Daniel Loeb. Intel rose 4.9 percent to close at $49.39. "Intel Corporation welcomes input from all investors regarding enhanced shareholder ...

Intel’s headquarters in Santa Clara, Calif. Justin Sullivan/Getty Images Intel shares caught a bid in Tuesday’s trading after news emerged that activist investor Daniel Loeb of Third Point had acquired a significant stake in the chip maker and was pushing it to explore strategic alternatives. Shares were up as much as 5.7% in afternoon trading after Reuters reported that Loeb’s hedge fund has a nearly $1 billion stake in the $200 billion company. Loeb, who recently pus...