Sotheby’s to Purchase $73.8 Million in Shares From Marcato

Updated on
  • Auctioneer’s third-largest holder to sell 2.05 million shares
  • Marcato among activists who pushed for change at Sotheby’s

Sotheby’s plans to purchase $73.8 million of stock from Marcato Capital Management, the activist hedge fund that’s the company’s third-largest shareholder.

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