Aecom Could Face Repeat Board Fight With Activist Starboard (Bloomberg)
Aecom’s standstill agreement with activist investor Starboard Value expires next week, setting the stage for a potential boardroom battle at the engineering services firm for a second year in a row. The New York-based hedge fund, which owns a roughly 3.7% stake in Aecom, butted heads with the company in June over the appointment of new Chief Executive Officer Troy Rudd. The dispute resulted in Starboard Managing Member Peter Feld resigning from the board in protest.
India’s Zomato Raises $195 million from Six Investors at $3.6 billion Valuation (Reuters)
MUMBAI (Reuters) – Indian food delivery startup Zomato raised $195 million from six investors, including U.S.-based hedge funds Kora Management and Luxor Capital, according to a regulatory filing on Friday. The fundraising values the company, one of India’s most prominent start-ups, at a post-money valuation of $3.6 billion, according to the filing by top shareholder Info Edge (India) Ltd INED.NS.
Chubb (CB) Chairman & CEO Evan G Greenberg Sold $19.7 million of Shares (Guru Focus)
Chairman & CEO of Chubb, Evan G Greenberg, sold 132,504 shares of CB on 11/10/2020 at an average price of $148.86 a share. The total sale was $19.7 million. Chubb Ltd provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance (A&H), reinsurance and life insurance to a diverse group of clients. Chubb Ltd has a market cap of $66.72 billion; its shares were traded at around $147.82 with a P/E ratio of 29.43 and P/S ratio of 1.92.
Friday 11/13 Insider Buying Report: CYCN (Nasdaq.com)
At Cyclerion Therapeutics, there was insider buying on Monday, by Chief Innovation Officer Andreas Busch who purchased 125,000 shares for a cost of $2.53 each, for a total investment of $316,250. This purchase marks the first one filed by Busch in the past year. Cyclerion Therapeutics is trading up about 13.7% on the day Friday. So far Busch is in the green, up about 13.4% on their purchase based on today’s trading high of $2.87.
The Senior Vice-President & Chief Operating Officer of Ball (NYSE: BLL) is Selling Shares (Analyst Ratings)
Yesterday, the Senior Vice-President & Chief Operating Officer of Ball (BLL), Daniel William Fisher, sold shares of BLL for $466.9K. In addition to Daniel William Fisher, 3 other BLL executives reported Sell trades in the last month.
Inphi Corp (IPHI) President & CEO Ford Tamer Sold $3.1 million of Shares (Guru Focus)
President & CEO of Inphi Corp., Ford Tamer, sold 21,341 shares of IPHI on 11/11/2020 at an average price of $147.05 a share. The total sale was $3.1 million. Inphi Corp is engaged in designing, development and sale of high-speed analog connectivity components that operate to maintain, amplify and improve signal integrity in a wide variety of applications.
