UPDATE: Dan Loeb to go 'Active' on Murphy Oil (MUR) - CNBC
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(Updated - October 3, 2012 3:29 PM EDT)
CNBC reports Dan Loeb and his Third Point hedge fund may go active on Murphy Oil Corporation (NYSE: MUR) and has now accumulated a stake at or above 5%.
Loeb wants the company to spin-off its retail business, sell its Canadian assets, sell its 5% stake in Syncrude Oil Sands project, complete UK refining business exit.
As noted at StreetInsider.com, Loeb first disclosed a stake of 1.5 million shares last night in an amended 13F filing after confidential treatment with the SEC ended. He owned the stake as of June 30, 2012.
CNBC reports Dan Loeb and his Third Point hedge fund may go active on Murphy Oil Corporation (NYSE: MUR) and has now accumulated a stake at or above 5%.
Loeb wants the company to spin-off its retail business, sell its Canadian assets, sell its 5% stake in Syncrude Oil Sands project, complete UK refining business exit.
As noted at StreetInsider.com, Loeb first disclosed a stake of 1.5 million shares last night in an amended 13F filing after confidential treatment with the SEC ended. He owned the stake as of June 30, 2012.
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