Daniel Loeb Prepping for Proxy Fight at Sotheby’s

March 2nd, 2014

Auction at Sotheby's, via New York TimesDaniel Loeb is pushing for three seats on the board at Sotheby’s, preparing for a proxy fight to wrest additional control of the company for his Third Point Hedge Fund.  “All shareholders will benefit from further depth of experience in Sotheby’s key business building block: luxury customer relationship development,” Third Point said in its regulatory filing this week.

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