Third Point's Loeb pushes for 'fair' sales process at SoHo House
Published by Global Banking & Finance Review®
Posted on January 29, 2025
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on January 29, 2025
1 min readLast updated: January 27, 2026

Daniel Loeb of Third Point calls for a transparent sales process at SoHo House, criticizing the current $9 per share offer as insufficient and urging for maximum shareholder value.
By Svea Herbst-Bayliss
NEW YORK (Reuters) - Daniel Loeb, who runs hedge fund Third Point, on Wednesday urged SoHo House directors to run a "fair" sales process after the hospitality group received a take-private offer late last year that sent its stock price surging.
He called the $9 a share offer a "sweetheart" deal and said he believed there were other parties with experience investing in the hospitality sector who would be interested in the asset, according to a letter Loeb wrote to SoHo House's board.
He called the sales procedure so far "an opaque process" and urged the board to achieve "maximum value for all shareholders."
(Reporting by Svea Herbst-Bayliss; Editing by Bernadette Baum)
Daniel Loeb urged SoHo House directors to run a 'fair' sales process after the hospitality group received a take-private offer.
Loeb called the $9 a share offer a 'sweetheart' deal and believed there were other parties interested in investing in the hospitality sector.
He described the sales procedure as 'an opaque process' and urged the board to achieve 'maximum value for all shareholders.'
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