Standard General Says Only FCC Approval Left for Tegna Deal (Reuters)
Hedge fund Standard General said its proposed acquisition of TV station operator Tegna Inc (TGNA.N) only needs Federal Communications Commission (FCC) approval after the U.S. Department of Justice reviewed it without mounting any challenge. Standard General said in a statement on Tuesday that the so-called Hart-Scott-Rodino waiting period, which gives antitrust regulators time to review the deal, had expired.
Nominations for the 2022 Nordic Hedge Award (Hedge Nordic)
Stockholm (HedgeNordic) – HedgeNordic is delighted to announce the nominees for the 2022 Nordic Hedge Award. The annual distinction is set to distinguish outstanding hedge fund managers from and active in the Nordic region. Nominees were determined using a quantitative model co-developed with the Swedish House of Finance at the Stockholm School of Economics. All funds with a minimum track record of 36 months that are listed in the Nordic Hedge Index are considered for the main award categories at the Nordic Hedge Award.
Ex-Pharma Executive Charged With Insider Trading of Kodak Stock (Bloomberg)
A former Phlow Corp. executive and his cousin were charged in New York with insider trading for allegedly trading on nonpublic information about a pandemic-related government loan to Eastman Kodak Co. Through his job, Andrew Stiles learned of Kodak’s application for loans to make chemicals for drugs tied to the fight against Covid-19, federal prosecutors said Thursday in a statement. He traded on the information and passed it to his cousin, Gray Stiles, who also bought shares based on the tip, officials said.
Can Billionaire Dan Loeb Save Bath & Body Works (BBWI) Stock? (InvestorPlace)
Dan Loeb, a billionaire, hedge-fund owner and activist investor, will try to win seats on the board of troubled retailer Bath & Body Works (NYSE:BBWI). His hedge fund disclosed this information late yesterday. BBWI stock is falling 7% in early trading after climbing 2.8% yesterday. Bath & Body Works is a retailer specializing in soaps and perfumes. In December, Loeb’s hedge fund, Third Point, reported that it had acquired a 6% stake in the company. Third Point reports that it has about $13 billion of assets under management.
Thursday 2/23 Insider Buying Report: NEE, RDFN (Nasdaq.com)
On Tuesday, NextEra Energy’s , Armando Pimentel Jr., made a $995,808 buy of NEE, purchasing 13,200 shares at a cost of $75.44 a piece. Investors are able to bag NEE at a price even lower than Pimentel Jr. did, with shares changing hands as low as $73.46 in trading on Thursday — that’s 2.6% below Pimentel Jr.’s purchase price. NextEra Energy is trading up about 0.1% on the day Thursday. This buy marks the first one filed by Pimentel Jr. in the past twelve months. And at Redfin, there was insider buying on Tuesday, by Chief Executive Officer Glenn Kelman who purchased 35,335 shares for a cost of $8.62 each, for a trade totaling $304,694. Redfin is trading off about 1% on the day Thursday.
$2M Bet On PayPal? Check Out These 4 Stocks Insiders Are Buying (Benzinga)
PayPal: The Trade: PayPal Holdings Inc (PYPL) President and CEO Daniel H Schulman acquired a total of 26,065 shares an average price of $76.17. To acquire these shares, it cost around $1.99 million. Disc Medicine: The Trade: Disc Medicine Inc (IRON) Director Mona Ashiya bought a total 108,696 shares at an average price of $23.00. The insider spent around $2.5 million to buy those shares.
