Activist discloses stake in IHOP

NEW YORK Well-known activist investor Daniel S. Loeb and the fund he manages, Third Point LLC, based here, disclosed a 7-percent stake in IHOP Corp., the parent company to the mostly franchised, 1,302-unit family-dining chain. While Third Point did not disclose "any plans or proposals" for IHOP in the Feb. 13 filing, the hedge fund is known for taking activist positions with its investments.

Securities analyst Bryan Elliot at Raymond James & Associates Inc. said

Register to view the full article

Register to view this article

TAGS: Finance News
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.