Third point has big shell effort, Energy Giant urges to break up

Third point has big shell effort, Energy Giant urges to break up

Daniel Loeb’s Third Point LLC has taken a major stake in the Royal Dutch Shell PLC and is urging the oil giant to split into two companies to retain and attract investors, as many are fleeing equities that are considered environmentally friendly. The activist’s stake is well over $ 500 million, making it one of … Read more