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Hedge Fund and Insider Trading News: Warren Buffett, Elliott Management, Mcdonald’s Corp (MCD), GTT Communications Inc (GTT), Butler National Co. (BUKS), and More

Warren Buffett’s Firm Invests Millions in Fintech (The Wall Street Journal)
Warren Buffett’s Berkshire Hathaway Inc. is hopping on the fintech bandwagon. Berkshire invested around $600 million in recent months in two big financial-technology companies focused on emerging markets: Brazilian payment processor StoneCo. Ltd. and the parent company of India’s largest mobile-payments service, Paytm.

Hitachi Agrees to Buy Elliott’s Stake in Italy’s Ansaldo STS, Ending Feud (Reuters)
MILAN (Reuters) – Hitachi (6501.T) has wrapped up a bitter feud with U.S. activist investor Elliott over Ansaldo STS (STS.MI), agreeing to buy the fund’s stake in the Italian rail signaling group as part of a move to take full control. The Japanese conglomerate could spend as much as 1.25 billion euros to become the sole owner of Ansaldo STS, which it said would have a leading role to play in growing its rail business, including through acquisitions.

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Activist investor, hedge fund sue parent company of Snyder’s-Lance (BizJournals.com)
Activist investor Daniel Loeb and his hedge fund Third Point filed a lawsuit against Campbell Soup Co., alleging the Camden, New Jersey-based company misled and withheld information from shareholders. Campbell has been in a proxy battle with Loeb and Third Point since it announced in August it would sell two business divisions as a result of a months-long strategic portfolio review. Third Point, which has a 7 percent stake in Campbell, is seeking a sale of the company while blaming its poor performance to its incumbent board, which Third Point wants to replace with its own hand-picked 12 candidates.

Days After Attack, George Soros Jumps into New York Senate Battle (TimesUnion.com)
ALBANY – Liberal billionaire and philanthropist George Soros – a bogeyman on the political right and one of the targets of last week’s unsuccessful mail-bomb attacks – has jumped into the battle for the New York state Senate, Board of Elections records show. On Friday, a new labor-backed independent expenditure group, Progress NYS, reported taking in $100,000 from Soros, who founded the hedge fund Soros Fund Management.

Insider Selling: Mcdonald’s Corp (MCD) CEO Sells $35,323,232.49 in Stock (PressOracle.com)
Mcdonald’s Corp (NYSE:MCD) CEO Stephen Easterbrook sold 201,123 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the completion of the transaction, the chief executive officer now owns 48,925 shares in the company, valued at approximately $8,592,697.75. The sale was disclosed in a document filed with the Securities & Exchange Commission.

Insider Buying: GTT Communications Inc (GTT) Major Shareholder Purchases $17,583,555.00 in Stock (FairFieldCurrent.com)
GTT Communications Inc (NYSE:GTT) major shareholder Spruce House Partnership Lp acquired 524,100 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The shares were bought at an average price of $33.55 per share, with a total value of $17,583,555.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Insider Buying: Butler National Co. (BUKS) Major Shareholder Acquires $18,325.00 in Stock (MareaInformativa.com)
Butler National Co. (OTCMKTS:BUKS) major shareholder Joseph Patrick Daly acquired 73,300 shares of Butler National stock in a transaction on Thursday, October 25th. The shares were bought at an average price of $0.25 per share, with a total value of $18,325.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Insider Buying: Amicus Therapeutics, Inc. (FOLD) Major Shareholder Acquires 50,000 Shares of Stock (PressOracle.com)
Amicus Therapeutics, Inc. (NASDAQ:FOLD) major shareholder Life Sciences Maste Perceptive acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was purchased at an average price of $12.59 per share, with a total value of $629,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Insider Buying: Fluidigm Co. (FLDM) Insider Acquires $71,726.40 in Stock (FairFieldCurrent.com)
Fluidigm Co. (NASDAQ:FLDM) insider Levin Capital Strategies, L.P. purchased 9,962 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The shares were bought at an average price of $7.20 per share, for a total transaction of $71,726.40. The acquisition was disclosed in a legal filing with the SEC.

Insider Selling: ServiceNow Inc (NYSE:NOW) Director Sells 32,500 Shares of Stock (PressOracle.com)
ServiceNow Inc (NYSE:NOW) Director Frederic B. Luddy sold 32,500 shares of the stock in a transaction dated Wednesday, October 10th. The stock was sold at an average price of $174.56, for a total value of $5,673,200.00. Following the sale, the director now owns 282,383 shares of the company’s stock, valued at approximately $49,292,776.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission.

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