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[$$] Old-school activism still produces results for Dan Loeb

Lindsay Fortado in New York

In the space of a few hours last week, the acid-tongued activist investor Dan Loeb walked away with two victories, showing how traditionally bruising proxy fights can still pay off — despite falling out of fashion recently. from Mr Loeb to split into three companies. Mr Loeb’s Third Point fund two board seats, plus other concessions, after he launched a public battle to overhaul its board, including legal threats against directors.