Sony shares seen surging after Reuters reports Third Point building stake again

Shares of Sony Corp were untraded early Tuesday with a glut of buy orders after Reuters reported that Daniel Loeb`s hedge fund Third Point LLC was building a stake in Japanese electronics conglomerate again to push for changes.

Third Point, which has about $14.5 billion in assets under management, is raising a dedicated investment vehicle to target between $500 million and $1 billion in capital, so it can buy more Sony shares, people familiar with the matter said.

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