Investors Millstone and Winter build 3.05% stake in Clariant (Reuters)
Investors David Winter and David Millstone have built a 3.05% stake in Clariant, filings on Swiss bourse SIX showed on Friday, buying back into the Swiss specialty chemicals group after selling their holding to SABIC in 2018. Winter, of New York, and Millstone, of Aspen, Colorado, purchased 6.3 million registered shares in Clariant accounting for some 1.8979% of the voting rights and obtained further voting rights by entering into equity swaps through their Standard Latitude Master Fund, the SIX filings showed.
Rithm Capital: Caught In A Sculptor Bidding War With Bill Ackman (Rating Downgrade) (Seeking Alpha)
Rithm Capital (NYSE:RITM) is a $4.6B market cap mREIT with many different lines of business ranging from mortgage servicing rights (MSRs) to direct ownership of single family rental properties. This midcap has been elevated to national news as it has gotten into a bidding war with a consortium of hedge fund managers including Bill Ackman, Marc Lasry and Boaz Weinstein over an asset manager called Sculptor Capital (SCU). RITM has already inked the acquisition with an agreement to buy SCU for $11.15 per share. The hedge fund consortium is trying to overturn that agreement by offering a higher $12.00 per share to buy SCU.
Three Arrows Capital Faces Penalty from Dubai’s Virtual Asset Regulatory Authority (Financial Express)
Kyle Davies and Su Zhu, founders, Three Arrows Capital (3AC), a collapsed digital asset hedge fund, are expected to be facing a fine issued by Dubai’s crypto regulator over the OPNX exchange, stated Cointelegraph. Sources revealed that on August 16, 2023, Dubai’s Virtual Asset Regulatory Authority (VARA) created a notice of fines for the OPNX exchange. The regulator is expected to have issued a fine of about 10 million United Arab Emirates dirhams (around $2.7 million) for violations of its market regulations. It is believed that the fine remains unpaid, Cointelegraph added.
Friday 8/25 Insider Buying Report: SAVA, PENN (Nasdaq.com)
At, a filing with the SEC revealed that on Wednesday, Director Sanford Robertson purchased 30,000 shares of SAVA, for a cost of $17.45 each, for a total investment of $523,500. Robertson was up about 11.1% on the buy at the high point of today’s trading session, with SAVA trading as high as $19.39 at last check today. Cassava Sciences is trading off about 1% on the day Friday. This buy marks the first one filed by Robertson in the past year. And at PENN Entertainment, there was insider buying on Wednesday, by David A. Handler who bought 20,000 shares for a cost of $22.65 each, for a total investment of $453,070. This purchase marks the first one filed by Handler in the past twelve months. PENN Entertainment is trading up about 1.6% on the day Friday. Handler was up about 4.6% on the purchase at the high point of today’s trading session, with PENN trading as high as $23.70 in trading on Friday.
$16M Bet On This Biotechnology Stock? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
AN2 Therapeutics: The Trade: AN2 Therapeutics, Inc. (ANTX) 10% owner Rajeev Shah acquired a total of 1,777,778 shares at an average price of $9.00. To acquire these shares, it cost around $16 million. Mercury Systems: The Trade: Mercury Systems, Inc. (MRCY) 10% owner Jana Partners LLC acquired a total of 50,000 shares an average price of $38.05. To acquire these shares, it cost around $1.9 million. The company’s other Directors also purchased the company’s shares.
