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| Re: | Ca De Bou Breeder Wanted | | Ad: | What's the exchange rate for euros? http://petardas.in.net/ petardas hd Loebâ??s Third Point hedge fund will sell 40 million shares back to the company for a total of $1.16 billion and will for now be left with another 20 million shares, meaning the combined current value of Loebâ??s investment in Yahoo is worth more than $1.7 billion. Loeb paid much less for those shares when he started buying them in August 2011 and the shares were trading hands for some $13. Loebâ??s average costs basis for his entire stake in Yahoo is about $13.50 a share. Yahoo is repurchasing Loebâ??s stock for $29.11 a share, the closing price of Yahooâ??s stock on Friday, meaning the stock has returned 124% since Loeb has been involved in the stock. In the end, Loebâ??s investment in Yahoo has more than doubled and his hedge fund, which also sold some Yahoo shares earlier this year, has made about $1 billion on Yahoo in less than two years.
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