Activist Dan Loeb barks loudly at Colgate’s door. Should they let him in?
Colgate Palmolive has come under fire from activist shareholder Dan Loeb’s Third Point hedge fund. He now holds a $1 billion stake in the company. Thirdpoint invests in companies undergoing spinoffs and pushes for “corporate change”. Loeb’s stake in Colgate is around 6% of the fund’s assets. Activist investors are becoming increasingly active in the …
Activist Dan Loeb barks loudly at Colgate’s door. Should they let him in? Read More »