Activist shareholder Dan Loeb calls for its US and Asian operations to be separated
Thursday 27 Feb 2020 Author: Tom Sieber
Global insurer Prudential ( PRU ) is in the crosshairs as activist investor Dan Loeb took a near-5% stake in the company and urged the FTSE 100 constituent to separate its US and Asian operations. Loeb runs Third Point, manager of investment trust Third Point Offshore ( TPOU ) which we recently featured as a Great Idea in Shares. He believes a break-up of Prudential, which last year demerged...