Hedge Fund Elliott Again Raises Stake in Japan’s Alpine (Reuters)
TOKYO (Reuters) – U.S. hedge fund Elliott Management has raised its stake in Alpine Electronics Inc (6816.T) to 7.33 percent, a regulatory filing showed on Friday, the second increase since its ownership was first revealed this month. Elliott has been gradually increasing its stake in car navigation maker Alpine, as Hong Kong-based activist fund Oasis Management attempts to block the sale of Alpine to larger affiliate Alps Electric Co (6770.T) at a price Oasis believes is low.
GoldenTree-Led Group Said to Near Debt Deal With Eco-Bat Owner (Bloomberg)
A group of investors led by GoldenTree Asset Management LP are close to ending a year-long legal spat with Eco-Bat Technologies’s owner Howard Meyers over restructuring a loan. Under the proposed agreement, holders of a 1.6 billion euro ($1.8 billion) facility that paid interest with more debt will swap their exposure for equity, leaving them in full control of the company, according to people familiar with the matter.
Pressmaster/Shutterstock.com
Hedge Fund, Ex-Employee Drop Claims in Sexual Harassment Suit, Embezzlement Countersuit (InstitutionalInvestor.com)
Sexual harassment claims against a New York hedge fund executive were withdrawn this week after the hedge fund filed a countersuit accusing the alleged victim of embezzling thousands of dollars. Snow Park Capital Partners, a New York-based hedge fund, announced Wednesday that it had ended litigation with former chief financial officer Kate Merli, who had filed a lawsuit in May accusing fund CEO Jeffrey Pierce of sexual assault, gender discrimination, and defamation.
Insider Buying: Hemispherx BioPharma, Inc (HEB) Director Acquires $39,060.00 in Stock (FairFieldCurrent.com)
Hemispherx BioPharma, Inc (NYSEAMERICAN:HEB) Director Stewart Appelrouth acquired 126,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 24th. The shares were acquired at an average cost of $0.31 per share, with a total value of $39,060.00. Following the completion of the transaction, the director now directly owns 241,750 shares in the company, valued at approximately $74,942.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission.
Insider Buying: International Flavors & Fragrances Inc (IFF) Major Shareholder Acquires 104,808 Shares of Stock (WeekHerald.com)
International Flavors & Fragrances Inc (NYSE:IFF) major shareholder Winder Investment Pte Ltd purchased 104,808 shares of the business’s stock in a transaction on Monday, July 23rd. The shares were purchased at an average cost of $127.58 per share, for a total transaction of $13,371,404.64. Following the transaction, the insider now owns 14,600,000 shares of the company’s stock, valued at $1,862,668,000. The purchase was disclosed in a filing with the SEC.
Insider Selling: Yext Inc (YEXT) Director Sells 55,000 Shares of Stock (MaconDaily.com)
Yext Inc (NYSE:YEXT) Director Julie Richardson sold 55,000 shares of the company’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $18.95, for a total value of $1,042,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission.
Insider Buying: Second Sight Medical Products Inc (EYES) Director Acquires $40,874.92 in Stock (FairFieldCurrent.com)
Second Sight Medical Products Inc (NASDAQ:EYES) Director Gregg Williams acquired 24,476 shares of Second Sight Medical Products stock in a transaction dated Monday, July 23rd. The shares were bought at an average price of $1.67 per share, for a total transaction of $40,874.92. The transaction was disclosed in a legal filing with the SEC.
Insider Selling: Atkore International Group Inc (ATKR) Insider Sells 100,000 Shares of Stock (MaconDaily.com)
Atkore International Group Inc (NYSE:ATKR) insider John Patrick Williamson sold 100,000 shares of Atkore International Group stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $23.00, for a total value of $2,300,000.00. Following the completion of the sale, the insider now owns 327,548 shares of the company’s stock, valued at $7,533,604. The transaction was disclosed in a document filed with the SEC.
