Tagged KDUS

Carl Icahn Participates in Micro-Cap Kadus’ RO

(Market Cap $20M; Icahn owns 67.8%) Purpose of Transaction   Item 4 of the Schedule 13D is hereby amended by adding the following:   On June 6, 2014, the Reporting Persons acquired an aggregate of 12,563,840 Shares, at a price per Share of $1.53, upon exercise of the basic subscription rights and oversubscription rights allocated…

Farpoint Goes Below 5% on Cadus Corp

The Reporting Persons acquired the Company’s shares in the belief that the shares were undervalued.  On January 22, 2014, the Company announced it was entering a new line of business concurrent with the announcement of the acquisition of residential real estate in Florida.  As a result, the Reporting Persons sold a small number of shares in the…