Billionaire Investor Took a New Stake in Flex Ahead of Its Planned Cloud Spinoff
Dan Loeb’s Third Point acquired 1 million Flex shares worth about $166 million in the second quarter, as of June 30.
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Why It Matters
A smart investor bought a big pile of Flex stock before a big company split. This shows he thinks the two separate companies will be worth more than one.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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