Loeb's Third Point Buys Into T-Mobile, Ally

Law360, New York (January 21, 2014, 4:15 PM EST) -- Dan Loeb's Third Point LLC hedge fund unveiled new positions in T-Mobile USA Inc., Ally Financial Inc. and Dow Chemical Co. in a letter released to investors Tuesday regarding its 2013 fourth-quarter performance and outlook for 2014.

The letter informed investors that Third Point had acquired new positions in T-Mobile, Ally Financial and Dow Chemical in the fourth quarter of 2013. The hedge fund went in on T-Mobile in November, when the company conducted a secondary offering at $25 per share. The letter said that shares...
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