Groupon’s Next Deal

Why Windward Management converted its activist position to a passive investment.


Bloomberg photo

Groupon investors have seemingly lost interest in the discount coupon company’s stock.

The stock surged about 37 percent after hedge fund Windward Management filed a 13D in early September announcing an 8.9 percent stake in the company and making its case for why the stock was worth $55, or five times the price at the time.


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