Activist Investor Third Point Continues Push for Shell to Restructure

Hedge fund activist Third Point LLC tells clients it increased its holdings on Cover PLC and is still pushing the oil giant to restructure, six months after calling for a breakup of the company.

Daniel LoebThe New York-based hedge fund bought a $750 million stake in Shell in the third quarter of last year and called for it to split into multiple companies — one focused on legacy businesses like petroleum refining. fossil fuels and another company in renewable energy and natural gas liquefaction.

https://www.wsj.com/articles/activist-investor-third-point-continues-push-for-shell-to-restructure-11652118646?mod=pls_whats_news_us_business_f Activist Investor Third Point Continues Push for Shell to Restructure

Edmund DeMarche

USTimesPost.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@ustimespost.com. The content will be deleted within 24 hours.

Related Articles

Back to top button