(FOX Business) Shares of Baxter International Inc. rose 1.3% in morning trade Wednesday, after billionaire investor Dan Loeb’s hedge fund Third Point LLC, which is already the drug company’s largest shareholder, boosted its stake, again. Baxter disclosed in regulatory filing that Third Point now owns 53.85 million shares, or a 9.9% stake in the company.
Baxter’s Stock Gets a Boost After Dan Loeb’s Hedge Fund Increases Stake
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