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Stock Market & Financial Investment News

News Breaks
March 28, 2014
16:46 EDTBIDThird Point urges Sotheby's stockholders to vote for Third Point board nominees
Third Point's Daniel Loeb wrote in a letter to Sotheby's stockholders, "We urge you to elect the Third Point nominees to the company’s board because we believe that election of new members to the board would be beneficial to the company and its stockholders. We believe that the Third Point nominees will bring to the board necessary and valuable experience in corporate restructuring, optimizing capital allocation, cultivating relationships with luxury customers, and unlocking value for stockholders."
News For BID From The Last 14 Days
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October 20, 2014
10:58 EDTBIDSotheby's Impressionist sale supply strong, says Barrington
Barrington said Sotheby's was a big winner of Impressionist consignments and that its supply for the auctions is "exceptionally" strong, noting that Christie's auction is much smaller in both size and value and that its Impressionist supply is below year-ago levels. Barrington said recent auction and art fair results give it confidence heading into November sales and the firm maintains its Outperform rating on Sotheby's.

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