NasdaqGS:CSGPReal Estate
Third Point Battle Puts CoStar Residential Push And Core Focus Under Review
Third Point, led by Daniel Loeb, has launched a proxy fight at CoStar Group (NasdaqGS:CSGP), challenging the current board.
The activist investor is criticizing governance, management incentives, and recent decisions around CoStar's residential real estate push.
Third Point plans to nominate new directors and is urging a sharper focus on CoStar's core commercial real estate information and analytics business.
CoStar Group operates data, analytics, and marketplace platforms for the...