BOSTON (Reuters) – Hedge fund Third Level LLC stated on Tuesday that it not too long ago minimize its funding in United Applied sciences Corp (UTX.N), turning into the second activist hedge fund to promote shares after the corporate introduced a merger with Raytheon Co. (RTN.N) that the funds stated they might not assist.

FILE PHOTO – Daniel S. Loeb, founding father of Third Level LLC, participates in a panel dialogue throughout the Skybridge Options (SALT) Convention in Las Vegas, Nevada Could 9, 2012. REUTERS/Steve Marcus

The New York-based agency offered 480,000 shares of United Applied sciences inventory throughout the second quarter, reducing its holding by 7 p.c to six million…

Source link

Please follow and like us: