Market Chatter: CoStar Avoids Proxy Fight as Third Point Exits Stake

MT Newswires Live

Apr 13

CoStar (CSGP) will not face a proxy fight from activist investor Third Point, which has exited its entire position in the company, Reuters reported Friday, citing unnamed sources and a letter to investors.

The hedge fund decided against pursuing a board challenge after concluding its investment thesis no longer held, according to the report.

Third Point had previously signaled plans to push for major board shake-up and strategic overhaul following years of weak performance in its residential real estate segment.

CoStar did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823421333.USD","symbol_name":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2627436046","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2627436046","pubTimestamp":1776073002,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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