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ValueAct Unveils Newest Target

The activist hedge fund is making a big bet on LKQ, once a big position of Tiger Seed Hound Partners.

Jeff Ubben’s ValueAct Capital has disclosed a new activist target.The San Francisco hedge fund firm disclosed on Thursday that it owns more than 16 million shares of LKQ Corporation, or 5.2 percent of the provider of alternative and specialty auto parts, according to a fresh 13D filing. The bulk of

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