SiriusPoint seals standstill deal with Loeb following failed buy-out attempt
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SiriusPoint seals standstill deal with Loeb following failed buy-out attempt

Jairo Ibarra
August 09, 2023
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SiriusPoint has entered a standstill agreement with its largest individual shareholder and activist investor Dan Loeb, barring Third Point Re’s founder from making another proposal after his failed attempt to take the firm private earlier this year.

The Bermudian said Loeb agreed not to acquire more than 9.5% of the outstanding shares of the company or an amount of ownership requiring regulatory approval.

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Jairo Ibarra
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