As far as Third Point's public commentary goes, you're right. [0] (Who knows what they said in private.)
"Strategic alternatives" often means "split up the businesses." Silver Lake proposed something similar to AMD in 2015. In the end, the Silver Lake deal didn't happen [1] and AMD stock is up 45x since then.
"Strategic alternatives" often means "split up the businesses." Silver Lake proposed something similar to AMD in 2015. In the end, the Silver Lake deal didn't happen [1] and AMD stock is up 45x since then.
[0] https://www.yahoo.com/entertainment/third-point-full-letter-...
[1] https://www.extremetech.com/computing/215353-amd-talks-with-...