UPDATE 1-Sony rejects Loeb’s proposal for chip business spin-off
Sony Corp said on
Tuesday it was rejecting a call by Daniel Loeb’s activist hedge
fund Third Point LLC to spin-off its chips business, saying that
retaining the operations “is the best strategy for enhancing
Sony’s corporate value over the long term.”
Tuesday it was rejecting a call by Daniel Loeb’s activist hedge
fund Third Point LLC to spin-off its chips business, saying that
retaining the operations “is the best strategy for enhancing
Sony’s corporate value over the long term.”
Posted by Reuters
