Monthly Archives: October 2011

The Korea Fund to Buy Back if Discount to NAV

Fund will repurchase, commencing November 1, 2011, its common shares in the open market on any day that the Fund’s shares are trading at a discount of 8% or more from net asset value the prior day and there is a daily average discount of 8% or more from net asset value over the 5-day period ending the prior day.

Stadium Capital Gets Rep on Big 5 Sporting Goods BoD

“We have had a positive relationship with Stadium Capital over the five years they have been invested in our Company and are pleased to have Mr. DeMarco join our board of directors,” said Steven G. Miller, the Company’s Chairman, President and Chief Executive Officer. “We believe that Dominic’s 19 years of financial experience and his position with Stadium Capital will provide additional institutional investor perspective to our board and management team, and we look forward to working with him.”

Pershing’s Initial 13D Filing on General Growth

(Pershing owns 7.7% (and 10.1% including swaps & warrants)   Item 4. Purpose of Transaction      As described in Item 1, the Reporting Persons initially invested in the Company in 2008. The Reporting Persons acquired and continue to hold their investment in the Company for investment purposes.   Representatives of the Reporting Persons have conducted and may in…

Icahn Files on WebMD

(WSJ) Carl Icahn has been busy! The billionaire investor has been disclosing new investments left and right, and he just released a regulatory filing that shows he owns about 7.94% of WebMD. In the filing, Icahn said he believes WebMD shares are undervalued, and he said he “may seek to have conversations from time to time with management of [WebMD] to discuss?business and strategies.”

Imvescor Announces Recapitalization Transactions

Imvescor Restaurant Group Inc. announced today that it has entered into a subscription agreement with Fairfax Financial Holdings Limited concerning a series of transactions intended to recapitalize the Company by repaying its existing 7.75% convertible extendible unsecured subordinated debentures maturing on December 31, 2011 and provide additional cash to fund ongoing working capital.