BUZZ-SoHo House jumps after Third Point's Loeb unveils big stake, blasts buyout deal
** Shares of SoHo House SHCO.N up 12.5% at $8.29 in Weds afternoon trading after Third Point's Daniel Loeb revealed large stake and criticized buyout deal
** SHCO shares on track to close at highest levels since Nov 2023
** In a regulatory filing on Weds, Loeb and his activist hedge fund Third Point disclosed nearly 10% stake in the operator of exclusive private clubs, and in a letter to its board called last month's take-private offer a "sweetheart" deal with its chairman, Ron Burkle, who runs investment firm Yucaipa
** "Burkle’s obvious conflicts of interest and undue influence on the board via his super-voting share class make it imperative that the Board open the sale process to outside bidders," the letter said
** SHCO shares closed at $4.91 on Dec 18, the day before the co's board announced the $9/sh bid
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