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Sony Corporation Message Board

  • insurancefla1 insurancefla1 Jun 18, 2013 7:24 AM Flag

    Loeb`s Mr. Nice Guy act, coming to an end!Third Point Lifts Sony Stake, Urges Spin Off

    Looks like Dan is getting a bit fed up with attempting to play nice with SNE BOD and has gotten a bit more aggressive by purchasing additional stake in SNE. Now he`s urging the Japanese electronics giant to spin-off its entertainment business.
    This fight is going to start getting FUGLY!
    Third Point has raised its stake to 70 million shares valued at 136.5 billion yen ($1.4 billion), and reiterated his call to spin-off Sony's entertainment division and offer to sit on Sony's Board of Directors.

    Without a doubt the value of the spinoff is worth somewhere north of 40ps and if put to a vote majority of Sholders will vote unanimously to see this occur.
    I applaud Kazuo Hirai for what he`s accomplished since taking over SNE,but, now its time to start listening to its shareholders and do what needs to be done!
    I`m going to continue to add to my SNE position knowing full well, this might take some time but in the end will happen!

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