Dan Loeb, the billionaire founder of Third Point hedge fund, acquired an ownership stake in Advance Auto Parts — and struck a deal with the struggling company Monday to add three new directors to its ...
March 11 (Reuters) - Advance Auto Parts (AAP.N), opens new tab is appointing three new board members after hedge funds Third Point LLC and Saddle Point Management took positions in the automotive ...
Advance Auto Parts plans to close hundreds of stores, four distribution centers and slash jobs amid the sluggish demand for vehicle parts, the company said this week. The announcement came with the ...
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