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Third Point cuts Baxter stake to 4.5 percent but states confidence in company

( May 17, 2019, 21:28 GMT | Official Statement) -- MLex summary: Activist fund Third Point has reduced its stake in Baxter to 4.5 percent, down from 5.3 percent, according to a regulatory filing. The fund said it needed to adjust the concentration of its portfolio and it doesn't "contemplate further sales for at least 90 days." It also said it's "pleased" with Baxter's performance and is "confident in its ability to continue to create value."SEC filing follows....

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