The notable hedge fund investor built a $195 million stake in Dollar General, making it his eighth biggest holding at the end of September.
Baupost's Seth Klarman took a sizable stake in discount store Dollar General last quarter, while exiting Michael Kors-owner Capri before its megadeal to merge with Tapestry was blocked by regulators. The notable hedge fund investor built a $195 million stake in Dollar General, making it his eighth biggest holding at the end of September, according to a new regulatory filing.
His sale came ahead of news Thursday that Tapestry and Capri have mutually agreed to call off their merger after the Federal Trade Commission successfully sued to block the megadeal between two U.S.-based luxury houses. It appeared that Klarman was able to avoid a big sell-off in Capri. The stock has lost more than half of its value after rallying 28.3% in the second quarter when the investor first took the stake.
Warren Buffett Tamboran Resources Corp Tamboran Resources Corp Eagle Materials Inc Wesco International Inc Alphabet Inc Dollar General Corp Stock Markets Investment Strategy Tapestry Inc Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australian Dollar declines on resurgent US Dollar demandThe AUD/USD pair has declined in the Monday session, following consistent gains in the US Dollar.
Read more »
Australian Dollar declines amid US Dollar rally ahead of labor dataThe AUD/USD plunged in Tuesday's session, declining by 0.66% to 0.6535.
Read more »
Australian Dollar depreciates as US Dollar remains solid following a surge in US yieldsThe Australian Dollar (AUD) stayed weak against the US Dollar (USD) on Tuesday, as the AUD/USD pair struggled following a surge in US Treasury yields, which rose over 2% on Monday.
Read more »
Australian Dollar declines as the US Dollar stays strong amid a less-dovish FedThe Australian Dollar (AUD) extends its decline against the US Dollar (USD) for the third consecutive session on Tuesday.
Read more »
Australian Dollar depreciates as the US Dollar edges higher due to increased risk aversionThe Australian Dollar (AUD) edged lower against the US Dollar (USD) on Thursday.
Read more »
Australian Dollar declines as US Dollar continues strengtheningThe AUD/USD declined by 0.69% to 0.6490 in Wednesday's session.
Read more »