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Stock Market & Financial Investment News

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April 9, 2014
06:37 EDTBIDSotheby's says Loeb slate 'adds no incremental relevant expertise'
Sotheby's last night in a regulatory filing presented a slide presentation against Third Point's slate of board nominees. The auction house said its capital allocation strategy "creates and delivers long term value to shareholders." Sotheby's claims Third Point has made "no case that change is warranted" while the slate of board nominees recommended by Dan Loeb "adds no incremental relevant expertise" to the board.
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