Countryside Properties Puts Itself Up for Sale After Rejecting Bids Amid Investor Pressure and Share Price Fall (This is Money)
Bosses at Countryside Properties will begin a formal sales process after rejecting two takeover bids from one of its largest investors. The FTSE 250 housebuilder revealed a fortnight ago that San Francisco-based hedge fund Inclusive Capital (In-Cap), which already owns 9.2 per cent of the business, had made takeover offers worth 220p and 295p-per-share, respectively.
How Chess Helped Launch the Varied Career of Point72 Quant Exec and Flying-Car Entrepreneur Denis Dancanet (Business Insider)
As the president of Cubist, Point72‘s roughly 300-person systematic trading business, Denis Dancanet is best known as one of the most senior and powerful quants on Wall Street. But Dancanet has also played a key role in the launch of not one but two startups: Theorem, which applies data science to underwriting and investing in consumer loans, and Jetoptera, which is essentially trying to build flying cars. Dancanet, a latecomer to entrepreneurship, is partial to viewing the world like a chess board — a seemingly small move in one corner can reverberate far and wide.
Monday 6/13 Insider Buying Report: VCYT, ATEC (Nasdaq.com)
At Veracyte, a filing with the SEC revealed that on Friday, Chief Executive Officer Marc Stapley purchased 60,000 shares of VCYT, for a cost of $16.33 each, for a total investment of $980,094. Veracyte is trading down about 1.8% on the day Monday. This purchase marks the first one filed by Stapley in the past year. And at Alphatec Holdings, there was insider buying on Friday, by Paul Segal who purchased 71,329 shares for a cost of $7.18 each, for a total investment of $512,126. Before this latest buy, Segal made one other buy in the past year, purchasing $741,106 shares at a cost of $10.98 a piece. Alphatec Holdings is trading down about 0.8% on the day Monday. So far Segal is in the green, up about 4.9% on their purchase based on today’s trading high of $7.53.
Insider Trading: June 13, 2022 (BIV.com)
Insider James A. Pattison, 10 per cent owner. Company: Westshore Terminals Investment Corp. (TSX:WTE). Shares owned: 4,559,541. Trade date: May 27. Trade total: $3,768,458. Trade: Acquisition of 103,700 shares at a price of $36.34 per share. Insider Tucker Zengerle, officer. Company: Plurilock Security Inc. (TSX-V:PLUR). Shares owned: 7,803. Trade date: June 1. Trade total: $1,726,838. Trade: Acquisition of 3,167 shares at a price of $545.26 per share.
Executives Sell More Than $211M Of 2 Stocks (Benzinga)
Talos Energy: The Trade: Talos Energy Inc. TALO 10% owner Riverstone V Castex Holdings LP sold a total of 286,990 shares at an average price of $24.50. The insider received around $7.03 million from selling those shares. Liberty Energy: The Trade: Liberty Energy Inc. LBRT 10% owner Schlumberger Technology Corp sold a total of 1,2032,500 shares at an average price of $17.00. The insider received around $204.55 million as a result of the transaction.
City Watchdog Convicted Just Two People for Insider Trading in the Past Five Years (CityA.M.)
The UK’s financial watchdog achieved just two successful convictions against individuals for insider trading over the past five years, according to The Times. New data recovered from the UK’s Financial Conduct Authority (FCA) via a freedom of information (FoI) request shows the watchdog secured just two successful convictions in the five years running from 2017 to 2021, compared to 20 successful convictions from 2012 to 2016.
Former Manhattan U.S. Attorney Bharara Joins Wilmer Hale Law Firm (Reuters)
June 13 (Reuters) – Preet Bharara, the former U.S. attorney in Manhattan who prosecuted high-profile cases involving Wall Street insider trading, public corruption and terrorism, is joining Washington-based law firm Wilmer Cutler Pickering Hale and Dorr, the firm said on Monday. Bharara, 53, was appointed to the U.S. attorney post by Democratic President Barack Obama in 2009 and fired by Republican President Donald Trump in 2017 after refusing to resign.
