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Hedge fund Third Point calls for splitting Amgen into two firms
Hedge fund Third Point calls for splitting Amgen into two firms

Activist investor Daniel Loeb’s Third Point hedge fund is calling for a major shake-up at Amgen Inc., the Thousand Oaks biotechnology company. In a letter to its investors Tuesday, Third Point suggested that Amgen could benefit by splitting into two companies: a “mature” brand that focuses on established drugs and a “growth” company that targets drugs in development. “A separation of Amgen into MatureCo and GrowthCo would likely be very well received by investors,” Third Point said. Amgen said in a statement that it “has always appreciated the perspectives of all of its shareholders, including Third Point, and welcomes constructive input...

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