Loeb Builds Vivendi Stake at Crunch Time for Bollore’s Empire (Bloomberg)
U.S. activist investor Dan Loeb has built a stake in Vivendi SE at a critical moment for French billionaire Vincent Bollore’s media group, with shareholders due to vote on plans to spin off the world’s biggest music company. Two other activists, Bluebell Capital Partners and Artisan Partners, are already lobbying against Vivendi’s plan for separating Universal Music Group, saying it will lumber most shareholders with a heavy tax bill and needs to be organized differently.
Event-Driven Hedge Fund Sinclair Capital Hires IR and Business Development Head (Hedge Week)
Sinclair Capital (Sinclair Capital), a London-based alternative investment company established in May 2017 that is focused on discovering and researching liquid, uncorrelated, and asymmetric M&A-driven opportunities with a bias for Europe and small-mid caps, has appointed Charlotte Hervouet as Partner and Head of Business Development and IR. With over 19 years of experience working in business development and investor relations in the financial services sector, in her new role, Hervouet will be responsible for leading all asset raising activities for Sinclair Capital as well as providing client service and facilitating in all due diligence requirements. She will work alongside the organisation’s executive leadership team to evolve the company brand, expand its footprint, and support revenue growth.
Saba Capital Income & Opportunities Fund Announces Commencement of Tender Offer for its Common Shares (BusinessWire)
NEW YORK–(BUSINESS WIRE)– Saba Capital Income & Opportunities Fund (NYSE: BRW) (the “Fund”) today announced the commencement of a tender offer for its outstanding common shares. As previously announced, the Fund will purchase for cash up to 30% of its outstanding common shares, at a price equal to 99% of the Fund’s net asset value (“NAV”) per share as determined as of the close of the regular trading session of the New York Stock Exchange (“NYSE”) on the day the tender offer expires. The tender offer will expire at one minute past 11:59 p.m. Eastern Time on July 19, 2021, unless otherwise extended.
Insider Trading: June 21, 2021 (BIV.com)
Insider Allyn Knoche, 10% owner. Company: FPX Nickel Corp. (TSX-V:FPX). Shares owned: 33,696,844. Trade date: June 4. Trade total: $420,000. Trade: Sale of 700,000 shares at a price of $0.60 per share. Insider Eric S. Sprott, 10% owner. Company: Brixton Metals Corp. (TSX-V:BBB). Shares owned: 20,345,168. Trade date: June 7. Trade total: $400,000. Trade: Sale of 2,000,000 shares at a price of $0.20 per share.
The Interim President & Chief Executive Officer of Hudbay Minerals (NYSE: HBM) is Selling Shares (Analyst Ratings)
Today, the Interim President & Chief Executive Officer of Hudbay Minerals (HBM), Peter Gerald Jan Kukielski, sold shares of HBM for $491.2K. Following Peter Gerald Jan Kukielski’s last HBM Sell transaction on April 02, 2020, the stock climbed by 4.3%. In addition to Peter Gerald Jan Kukielski, 2 other HBM executives reported Sell trades in the last month. Based on Hudbay Minerals’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $314 million and GAAP net loss of -$60,102,000. In comparison, last year the company earned revenue of $245 million and had a GAAP net loss of $76.13 million. The company has a one-year high of $9.60 and a one-year low of $2.71.
Peloton Interactive Inc (PTON) COB and CEO John Paul Foley Sold $10.8 million of Shares (Guru Focus)
COB and CEO of Peloton Interactive Inc, John Paul Foley, sold 100,000 shares of PTON on 06/15/2021 at an average price of $108.42 a share. The total sale was $10.8 million.
