Hedge Fund Manager Betting Against Tesla Gets Box of Short Shorts from Elon Musk: ‘He is a Man of His Word!’ (CNBC)
Greenlight Capital president David Einhorn tweeted Friday he got the pairs of short shorts that fellow billionaire Elon Musk promised him last week. “I want to thank @elonmusk for the shorts. He is a man of his word!” Einhorn said in a tweet. Einhorn added a tongue-in-cheek comment that the shorts “did come with some manufacturing defects,” he said. The briefs battle royale began after Einhorn’s hedge fund said in a letter he was “happy that his Model S lease ended” and was replacing the car because of problems with the technology.
Leon Cooperman on Finding the Overlooked Investment (Podcast) (Bloomberg)
Bloomberg Opinion columnist Barry Ritholtz interviews hedge-fund manager Leon Cooperman of Omega Advisors about the thrill of finding an attractive investment everyone else has overlooked. Cooperman, 75, is converting his fund into a family office before the end of this year. He is also a billionaire philanthropist, and a member to Warren Buffett’s and Bill Gates’ Giving Pledge. He has committed to donating his fortune to charity during his lifetime.
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ISS Backs Cigna-Express Scripts Deal (The Wall Street Journal)
Carl Icahn’s effort to find enough allies to block Cigna Corp.’s $54 billion proposed purchase of pharmacy-benefit manager Express Scripts Holding Co. just got a little harder. Institutional Shareholder Services, one of two major proxy-advisory firms, is recommending shareholders of the health insurer and Express Scripts support the deal in a vote later this month, according to reports ISS clients received Friday that were viewed by The Wall Street Journal.
Larry Robbins Diagnoses Carl Icahn With ‘Ackmania’ (DealBreaker.com)
“Sensationalist headlines and intentionally misleading assertions from those with conflicting interests and limited analysis should not carry more weight than balanced diligence,” Robbins said…. “We believe that Cigna shareholders, including Mr. Icahn, would be hard pressed to explain how saving customers and payors so much money is harmful to society and the communities they serve, and that perhaps Mr. Icahn has been misled by misinformation fed to him by analysts with short-term personal agendas,” Robbins said.
Insider Buying: Appian Corp (APPN) Major Shareholder Purchases $6,425,357.70 in Stock (XNewsPress.com)
Appian Corp (NASDAQ:APPN) major shareholder Qualified Master Fund L. Abdiel bought 211,430 shares of Appian stock in a transaction on Friday, August 3rd. The shares were bought at an average cost of $30.39 per share, with a total value of $6,425,357.70. The acquisition was disclosed in a legal filing with the SEC.
Insider Buying: International Flavors & Fragrances Inc (NYSE:IFF) Major Shareholder Acquires 76,800 Shares of Stock (FairFieldCurrent.com)
International Flavors & Fragrances Inc (NYSE:IFF) major shareholder Winder Investment Pte Ltd bought 76,800 shares of the company’s stock in a transaction on Wednesday, July 25th. The stock was bought at an average cost of $128.22 per share, for a total transaction of $9,847,296.00. Following the completion of the acquisition, the insider now directly owns 14,776,800 shares of the company’s stock, valued at approximately $1,894,681,296. The purchase was disclosed in a legal filing with the SEC.
Insider Buying: RiceBran Technologies (RIBT) Major Shareholder Buys 232,800 Shares of Stock (WeekHerald.com)
RiceBran Technologies (NASDAQ:RIBT) major shareholder Grain Co Continental acquired 232,800 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The stock was purchased at an average cost of $2.55 per share, with a total value of $593,640.00. Following the completion of the purchase, the insider now directly owns 4,280,332 shares in the company, valued at $10,914,846.60. The acquisition was disclosed in a document filed with the SEC.
Insider Buying: Macquarie Infrastructure Corp (MIC) Major Shareholder Buys 66,523 Shares of Stock (MaconDaily.com)
Macquarie Infrastructure Corp (NYSE:MIC) major shareholder Group Ltd Macquarie bought 66,523 shares of Macquarie Infrastructure stock in a transaction on Thursday, August 9th. The stock was acquired at an average cost of $45.93 per share, with a total value of $3,055,401.39. The purchase was disclosed in a document filed with the SEC.
Insider Selling: Olin Co. (OLN) EVP Sells 42,000 Shares of Stock (WeekHerald.com)
Olin Co. (NYSE:OLN) EVP John L. Mcintosh sold 42,000 shares of Olin stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $29.98, for a total value of $1,259,160.00. Following the completion of the transaction, the executive vice president now directly owns 97,141 shares of the company’s stock, valued at approximately $2,912,287.18. The transaction was disclosed in a legal filing with the SEC.
