Daniel Loeb's Third Point Management makes big bet on Kraft

August 3rd, 2012
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Third Point Management, the $8.7 billion hedge fund firm managed by Daniel Loeb has join investment titans, Bill Ackman and Warren Buffet, in making Kraft Foods a portfolio heavy-weight. According to Reuters, Third Point acquired a significant stake sometime between its January 13F filing, which did not list the stock position, and July when the firm announced the holding to its investors.

Kraft recently traded at $39 a share in anticipation of the spinoff of the company’s snack foods line from its general foods business. Activist hedge fund investor, Bill Ackman of Pershing Square Capital Management which owns 15.5 million shares, has been encouraging Kraft Foods to split its food lines for a couple of years.
For Detailed Investor Profiles on these Investors, click below:
Berkshire Hathaway (Warren Buffett)
Pershing Square Capital Management
Third Point Management Company
Related People: Charles T. Munger; Daniel Loeb; James L. Carruthers*; Munib Islam; Nicholas Botta; Robert Schwartz; Roy J. Katzovicz; Scott Ferguson*; Tim Lash; Todd Combs; Warren E. Buffett; William 'Bill' Ackman
Related Entities: Berkshire Hathaway Finance Corp; Berkshire Hathaway Life Insurance; Berkshire Hathaway Reinsurance Group; Bill & Melinda Gates Foundation; GEICO; General Re; Leucadia Corporation (NYSE: LUK); MidAmerican Energy Holdings; Pershing Square Capital; Pershing Square IV; Pershing Square LP; Third Point LLC; Third Point Opportunities Master Fund LP; Third Point Resources LP; Third Point Ultra Master Fund LP; Third Point Ventures
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions

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