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Third Point urges Amgen to consider breakup

2014-10-22 03:38:48| Biotech - Topix.net

A hedge fund run by a famed investor said Tuesday it has taken a large stake in Amgen and now wants the biotech drugmaker to consider splitting up into two. In a letter to investors, Third Point, a hedge fund run by Daniel Loeb, said it has recently increased its stake by an unspecified amount, making it one of the drugmaker's top shareholders.

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Category:Biotechnology and Pharmaceuticals

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