Daniel Loeb’s hedge fund Third Point is preparing to launch a new activist campaign against real estate data provider CoStar Group, marking the firm’s first major public activism push in nearly three years, according to a report by Reuters.
The report cite unnamed sources familiar with the matter as revealing that Third Point plans to nominate several new directors to CoStar’s eight-member board, following the expiration of a standstill agreement that had previously limited the fund’s ability to...
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