Loeb said in the filing this month that Third Point had held conversations with McLoughlin, who took over after Morrison departed. Based on the talks, and subsequent statements from the company, Loeb said he believed a sale was being considered. And given the obstacles the company faces, “the only justifiable outcome of the strategic review is for the issuer to be sold to a strategic buyer,” he said.

Source: Los Angeles Times August 30, 2018 13:52 UTC