Lone Star Emerges as White-Knight Bidder for Japanese Hotel Chain Unizo (Reuters)
TOKYO (Reuters) – Japanese hotel chain Unizo Holdings (3258.T) said on Sunday it had received a friendly buyout offer from U.S. investment fund Lone Star, a deal that could end a five-month takeover battle involving Blackstone Group (BX.N), Fortress Investment Group and activist investor Elliott Management. Lone Star will launch a tender offer to buy Unizo on Tuesday at 5,100 yen ($46.60) per share, valuing it at 175.4 billion yen, Unizo said, topping the 5,000 yen that Blackstone was planning to offer. Its shares closed on Friday at 4,900 yen.
Notable Insider Buys: Energy Transfer, Enterprise Products Partners, FedEx (Benzinga)
Enterprise Products Partners: An Enterprise Products Partners L.P. (EPD) director stepped up to the buy window again this past week. That director, via trust, picked up an additional 261,600 shares of this midstream energy services provider at $27.53 to $28.00 apiece. That totaled over $7.25 million. The same director bought more than 440,000 shares in the prior week.
Marriott International Inc (MAR) EVP, Chf. Mktg. & Com. Officer Stephanie Linnartz Sold $2.5 million of Shares (Guru Focus)
EVP, Chf. Mktg. & Com. Officer of Marriott International Inc., Stephanie Linnartz, sold 16,606 shares of MAR on 12/20/2019 at an average price of $151 a share. The total sale was $2.5 million. Marriott International Inc is an operator, franchisor and licensor of hotels and timeshare properties under different brand names. It also operates and develops residential properties and provides services to home/condominium owner associations.
The EVP & GC of Pioneer Natural (NYSE: PXD) is Selling Shares (Analyst Ratings)
Today, the EVP & GC of Pioneer Natural (PXD), Mark H. Kleinman, sold shares of PXD for $258.1K. In addition to Mark H. Kleinman, 8 other PXD executives reported Sell trades in the last month. The company has a one-year high of $178.22 and a one-year low of $114.79. PXD’s market cap is $24.45B and the company has a P/E ratio of 34.22.
Robinhood Has been Fined $1.25 million Over Concerns It Wasn’t Giving Users the Best Deals on Their Trades (Business Insider)
Commission-free trading platform Robinhood was hit with a $1.25 million by the Financial Industry Regulatory Authority (FINRA), which regulates US broker-dealers, per Quartz. Robinhood was slapped with the fine because it did not ensure users received the best prices possible October 2016 through November 2017 – however, it wasn’t disclosed how much harm was caused to users over the period. The fintech has neither denied, nor confirmed the claims.
