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Third Point's Malibu deal "will live in infamy" after trapped investors rush to sell out of Dan Loeb's hedge fund
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Third Point's Malibu deal "will live in infamy" after trapped investors rush to sell out of Dan Loeb's hedge fund
Third Point Investors (TPOU) has received further criticism for not allowing shareholders a bigger exit ahead of its controversial reverse takeover of Malibu Life after a $136m (£101m) redemption offer was over-subscribed by more than two times. The Dan Loeb managed global hedge fund said over 9.5m shares were submitted for sale compared to the nearly 4.4m shares the company offered to buy back from investors who did not want to continue their i…
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