{"id":41949,"date":"2014-05-05T08:49:36","date_gmt":"2014-05-05T12:49:36","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=41949"},"modified":"2014-05-05T08:49:36","modified_gmt":"2014-05-05T12:49:36","slug":"delaware-court-upholds-sothebys-poison-pill-against-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2014\/delaware-court-upholds-sothebys-poison-pill-against-hedge-fund.html","title":{"rendered":"Delaware court upholds Sotheby&#8217;s poison-pill against hedge fund"},"content":{"rendered":"<p>Domain B &#8211; A Delaware state court judge has blocked a bid by Daniel S Loeb, founder and chief executive of Third Point LLC, a New York-based hedge fund with a portfolio worth $14 billion, to overturn a crucial corporate defence at auction house Sotheby&#8217;s.<\/p>\n<p>In a ruling issued last evening, Donald F Parsons, a vice chancellor of Delaware&#8217;s Court of Chancery, did not overturn a so-called poison pill plan that limited Loeb&#8217;s stake to not over 10 per cent of Sotheby&#8217;s shares, while allowing passive investors to hold as much as 20 per cent.<\/p>\n<p><a href=\"http:\/\/www.domain-b.com\/management\/m_a\/20140503_blocked.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Domain B &#8211; A Delaware state court judge has blocked a bid by Daniel S Loeb, founder and chief executive of Third Point LLC, a New York-based hedge fund with a portfolio worth $14 billion, to overturn a crucial corporate [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-41949","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=41949"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41949\/revisions"}],"predecessor-version":[{"id":41950,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41949\/revisions\/41950"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=41949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=41949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=41949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}