Sears’ Future in Doubt as Chairman Eddie Lampert Looks for More Protections (CNBC)
Sears Chairman Eddie Lampert seemingly swooped in once again to save Sears, with a plan to pay to support it through its bankruptcy operations. Now, though, there is a new catch. He will only put in more money if his investment is further protected. If that catch isn’t resolved, it could cast Sears’ future in serious doubt and lead to the end of the famed retailer. When Sears filed for bankruptcy last week, it said Lampert’s hedge fund, ESL Investments, was in talks to lead a $300 million debtor-in-possession loan to support the retailer through bankruptcy.
Bill Ackman’s Pershing Square Buys Stake in Hilton (Reuters)
Oct 25 (Reuters) – Activist investor William Ackman’s Pershing Square Capital Management has acquired a 3.7 percent stake in hotel operator Hilton Worldwide Holdings Inc, the activist hedge fund said on Thursday. The fund said the 10.9 million Hilton shares represented about 13.9 percent of the net asset value of Pershing Square Holdings Ltd. (Reporting by Bhargav Acharya in Bengaluru; editing by Patrick Graham).
Activist Investor Wants Liberty Property to Consider Selling Itself (The Wall Street Journal)
Activist investor Land & Buildings Investment Management LLC has been pushing Liberty Property Trust to consider selling itself, according to people familiar with the matter. The activist hedge fund, which owns a stake of less than 1% in the real-estate investment trust, has been speaking to Liberty executives behind the scenes and urging…
The Activist Who Shook Up P&G is at it Again with a Big Industrial Player (CNBC)
TORONTO — Trian Partners co-founder and chief investment officer Ed Garden said Thursday that PPG Industries needs to replace its “struggling” management to reverse disappointing profit at the global coatings company. Garden told investors at a conference that current PPG CEO Michael McGarry should be replaced by former chief Chuck Bunch, who “knows how to run this business.” Garden also said PPG should consider splitting into two focused companies: a global architectural coating company and an original equipment and industrials company.
Insider Buying: Clean Coal Technologies Inc (CCTC) Major Shareholder Acquires 1,765,063 Shares of Stock (FairFieldCurrent.com)
Clean Coal Technologies Inc (OTCMKTS:CCTC) major shareholder Tacho M. Sandoval purchased 1,765,063 shares of the business’s stock in a transaction on Wednesday, October 10th. The stock was acquired at an average price of $0.30 per share, for a total transaction of $529,518.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission.
Insider Selling: Hershey Co (HSY) CFO Sells 21,622 Shares of Stock (PressOracle.com)
Hershey Co (NYSE:HSY) CFO Patricia A. Little sold 21,622 shares of Hershey stock in a transaction that occurred on Monday, October 8th. The shares were sold at an average price of $106.00, for a total transaction of $2,291,932.00. Following the completion of the sale, the chief financial officer now owns 58,708 shares of the company’s stock, valued at approximately $6,223,048. The transaction was disclosed in a document filed with the SEC.
Insider Buying: Reis Inc (NASDAQ:REIS) Major Shareholder Purchases 11,570,797 Shares of Stock (FairFieldCurrent.com)
Reis Inc (NASDAQ:REIS) major shareholder Corp /De/ Moodys bought 11,570,797 shares of the firm’s stock in a transaction that occurred on Saturday, October 13th. The stock was bought at an average price of $23.00 per share, with a total value of $266,128,331.00. The transaction was disclosed in a filing with the SEC.
Insider Buying: SYNNEX Co. (SNX) Director Purchases $9,564,750.54 in Stock (MareaInformativa.com)
SYNNEX Co. (NYSE:SNX) Director Matthew Miau acquired 122,202 shares of SYNNEX stock in a transaction on Friday, October 19th. The stock was acquired at an average cost of $78.27 per share, for a total transaction of $9,564,750.54. Following the completion of the purchase, the director now owns 364,352 shares of the company’s stock, valued at approximately $28,517,831.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Insider Buying: AgroFresh Solutions Inc (AGFS) Major Shareholder Acquires 62,370 Shares of Stock (MareaInformativa.com)
AgroFresh Solutions Inc (NASDAQ:AGFS) major shareholder Dowdupont Inc. purchased 62,370 shares of AgroFresh Solutions stock in a transaction on Tuesday, October 16th. The stock was bought at an average cost of $5.88 per share, with a total value of $366,735.60. The acquisition was disclosed in a filing with the SEC.