Hedge fund investor Dan Loeb just picked his newest target

(Business Insider) – Hedge fund activist Dan Loeb has picked his latest target. Baxter International shares rose 3% on Wednesday August 5 after Loeb revealed he has bought a stake of about 7% in the company.

Loeb said in a letter to Baxter’s board that he wants the company to consider a pair of yet unnamed directors to its board that Third Point will select.

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