Activist Shareholder Third Point Thinks Campbell is Worth 58% More Than its Current Value (CNBC)
Activist investor Daniel Loeb‘s hedge fund Third Point filed its definitive proxy on Monday as it continues to push Campbell Soup to consider a sale. According a presentation Third Point also filed Monday, the hedge fund thinks Campbell could fetch a takeover value of $52 to $58 per share. A $58 per share takeout value would place a premium of 58 percent on the soup company, based on its morning trading price of $36.71 a share.
Phil Falcone Is Really Bad At Paying Taxes (DealBreaker)
Formerly prominent hedge-fund manager and piano-playing pig owner Phil Falcone is currently sitting out the fifth and final year of his time-out from the securities industry, not that he’d want to get back into such a shitty game even if he should be allowed to. And why would he? His hedge-fund managing days keep coming back to haunt him. Tax bills have always presented a bit of an issue for Falcone. In spite of his status as a billionaire, he took an ill-advised $113 million loan from his hedge funds in 2009 to cover one. Then, he forgot to pay another. Turns out this is something of a trend.
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Citadel Advisors LLC Takes $270,000 Position in Triumph Bancorp Inc (TBK) (MareaInformativa.com)
Citadel Advisors LLC purchased a new stake in shares of Triumph Bancorp Inc (NASDAQ:TBK) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,607 shares of the financial services provider’s stock, valued at approximately $270,000. A number of other hedge funds also recently added to or reduced their stakes in the business. Employees Retirement System of Texas bought a new position in shares of Triumph Bancorp in the second quarter worth $1,426,000.
Insider Buying: Cherokee Inc (CHKE) Major Shareholder Acquires $530,508.96 in Stock (MareaInformativa.com)
Cherokee Inc (NASDAQ:CHKE) major shareholder Cove Street Capital, Llc bought 716,904 shares of the stock in a transaction that occurred on Friday, September 28th. The shares were bought at an average cost of $0.74 per share, with a total value of $530,508.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission.
Insider Buying: AgroFresh Solutions Inc (AGFS) Major Shareholder Purchases $500,636.40 in Stock (XNewsPress.com)
AgroFresh Solutions Inc (NASDAQ:AGFS) major shareholder Dowdupont Inc. acquired 75,854 shares of the stock in a transaction on Thursday, September 27th. The shares were purchased at an average price of $6.60 per share, for a total transaction of $500,636.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission.
Insider Buying: Newgioco Group Inc (NWGI) Director Purchases $56,700.00 in Stock (FairFieldCurrent.com)
Newgioco Group Inc (OTCMKTS:NWGI) Director Harold Wolkin purchased 105,000 shares of the stock in a transaction on Thursday, September 27th. The stock was acquired at an average price of $0.54 per share, with a total value of $56,700.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Insider Selling: Pure Storage Inc (NYSE:PSTG) President Sells 50,253 Shares of Stock (PressOracle.com)
Pure Storage Inc (NYSE:PSTG) President David Hatfield sold 50,253 shares of Pure Storage stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $27.46, for a total value of $1,379,947.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission.
Insider Buying: Chicopee Bancorp, Inc. (CBNK) VP Buys $175,000.00 in Stock (XNewsPress.com)
Chicopee Bancorp, Inc. (NASDAQ:CBNK) VP Alan W. Jackson acquired 14,000 shares of the firm’s stock in a transaction dated Wednesday, September 26th. The stock was bought at an average cost of $12.50 per share, with a total value of $175,000.00. The transaction was disclosed in a document filed with the SEC.
