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Stock Market & Financial Investment News

News Breaks
August 7, 2014
16:45 EDTTPREThird Point Reinsurance reports Q2 EPS 29c, consensus 26c
Reports Q2 revenue $119.2M, consensus $99.6M. For the three months ended June 30, diluted book value per share increased by 29c per share, or 2.2%, to $13.72 per share from $13.43 per share as of March 31.
News For TPRE From The Last 14 Days
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November 21, 2014
08:47 EDTTPREDow Chemical, Third Point reach agreement to add four directors to board
The Dow Chemical Company (DOW) and Third Point LLC (TPRE) announced a comprehensive agreement to add four new, independent directors to Dow’s Board. Mark Loughridge, Ray Milchovich and R. “Steve” Miller will join the Board on January 1, 2015. Richard Davis will join in May 2015 following the 2015 Annual Meeting of Shareholders. The agreement also provides that: The four independent directors will be included in Dow’s nominees for election at the 2015 Annual Meeting. Third Point will vote in favor of the company’s nominees at the 2015 Annual Meeting. Thirteen directors will stand for election at the 2015 Annual Meeting. However, Dow has agreed to reduce the size of its Board to twelve members before its Annual Meeting in 2016. Third Point has agreed to a one year customary standstill and voting agreement. Dow and Third Point will be making no further public comment on the matter and both are pleased to have resolved the matter amicably and to have arrived at an agreeable path forward.

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