Earlier this week, we highlighted how Dan Loeb's hedge fund Third Point disclosed a new activist stake in Baxter (BAX). Third Point just filed an amended 13D and indicates their position size is now even larger.
They now own 9.6% of the company with over 52.5 million shares. This is up from the 37.92 million shares they disclosed just a few days ago.
Third Point is seeking two board seats in order to help select a new CEO.
For more on this hedge fund, be sure to check out Third Point's Q2 letter.
Friday, August 7, 2015
Third Point Increases Baxter Holdings
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