Hedge Fund Davidson Kempner Eyes Role in AA Takeover Talks (The Times)
An aggressive US hedge fund could seek to join a takeover of the AA, the beleaguered car breakdown service. Davidson Kempner, which has a 15% stake in the AA, is understood to have hired the investment bank Moelis to advise on options as talks drag on between the debt-laden company and two private equity suitors, Warburg Pincus and TowerBrook.
SEBI Fines Titan Company Employee for Insider Trading (SME Times)
The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 2 lakh on an employee of Titan Company, Theekevedu B. Alexander, for violating insider trading norms in 2018. The investigation by the capital markets regulator found that the designated employee of the company and his spouse had traded in the scrip of Titan when the trading window was closed, in violation of SEBI (PIT) Regulations, 2015.
Inovalon Holdings Inc (INOV) CEO and Chairman of the Board Keith R Dunleavy Bought $1.2 million of Shares (Guru Focus)
CEO and Chairman of the Board of Inovalon Holdings Inc., Keith R Dunleavy, bought 60,000 shares of INOV on 10/30/2020 at an average price of $19.62 a share. The total cost of this purchase was $1.2 million. Inovalon Holdings Inc is a United State based technology company. It delivers seamless, end-to-end platforms that bring the benefits of big data and large-scale analytics to the point of care.
The Executive of Sixty North Gold Mining (Other OTC: SXNTF) is Buying Shares (Analyst Ratings)
Today, the Executive of Sixty North Gold Mining (SXNTF), John Norman Campbell, bought shares of SXNTF for $45K. Following this transaction John Norman Campbell’s holding in the company was increased by 6% to a total of $584.6K. In addition to John Norman Campbell, 3 other SXNTF executives reported Buy trades in the last month. Currently, Sixty North Gold Mining has an average volume of 44.00K.
Insider Trading: November 2, 2020 (BIV.com)
Insider Richard William Warke, director. Company: Solaris Resources Inc. (CVE-V:SLS). Shares owned: 19,460,576. Trade date: July. Trade total: $7,449,500. Trade: Acquisition of 1,585,000 shares at a price of $4.70 per share. Insider Aline Smolensky, 10% owner. Company: Strategem Capital Corp. (TSX-V:SGE). Shares owned: 12,400. Trade date: Oct 22, 23, 26. Trade total: $1,070,904. Trade: Sale of 467,600 shares at prices from $2.29 to $2.30 per share.
SEC Issues Record $114 Million Whistleblower Award (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission has announced an award of over $114 million to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions. The $114 million award consists of an approximately $52 million award in connection with the SEC case and an approximately $62 million award arising out of the related actions by another agency. The combined $114 million reward marks the highest award in the program’s history, and eclipses the next highest award of $50 million made to an individual in June 2020. “Today’s milestone award is a testament to the Commission’s commitment to award whistleblowers who provide the agency with high-quality information,” said SEC Chairman Jay Clayton. “Whistleblowers make important contributions to the enforcement of securities laws and we are committed to getting more money to whistleblowers as quickly and as efficiently as possible.”
