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KM Financial Solutions | UPDATE 1-Sony rejects Loeb’s proposal for chip business spin-off
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UPDATE 1-Sony rejects Loeb’s proposal for chip business spin-off

16 Sep UPDATE 1-Sony rejects Loeb’s proposal for chip business spin-off

Posted at 08:42h in News by
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Sony Corp said on
Tuesday it was rejecting a call by Daniel Loeb’s activist hedge
fund Third Point LLC to spin-off its chips business, saying that
retaining the operations “is the best strategy for enhancing
Sony’s corporate value over the long term.”

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