The activist investor Daniel S. Loeb disclosed on Monday that he had acquired a large stake in the auction house Sotheby’s....
Mr. Loeb’s hedge fund, Third Point, is now one of Sotheby’s biggest shareholders, with a 5.7 percent stake, according to a filing with the Securities and Exchange Commission. Third Point joins two other funds, Trian Partners and Marcato Capital, among the company’s top shareholders.
Third Point said it planned to “engage in a dialogue” with the board at Sotheby’s.
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