Intel Pushed to Explore Options by Activist Investor Loeb

Kabar Medsos – Activist investor Dan Loeb has built a position in Intel Corp. and is urging the company to explore strategic alternatives, including a possible breakup of the chipmaker and the sale of assets. Loeb’s fund, Third Point LLC, has “built a significant stake” in Intel and plans to push for changes, including potentially nominating directors, he said Tuesday in a letter to Intel Chairman Omar Ishrak. Loeb said the company has dramatically underperformed its peers in the past five years, including losing more than $60 billion in market…

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