Deals
Madison Square Garden Pressed by Thaler’s Fund to Boost Value
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John A. Thaler’s JAT Capital Management LP took a stake in Madison Square Garden Co., the sports and entertainment firm, and said it may seek talks with the board or management to recommend ways to boost value.
The hedge fund disclosed a 6.7 percent stake in MSG, which owns the New York Knicks basketball team and New York Rangers hockey team, according to a regulatory filing yesterday. That would make JAT the fourth-largest shareholder of the Class A stock, according to data compiled by Bloomberg.