These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings.This material is from Aug. 24 to Aug. 30, 2023. Source: VerityData
Activist Holdings
Sleep Number
(SNBR)
Stadium Capital added to its position in the Sleep Number bed maker to 1,889,461 shares, including 470,000 shares underlying options. Stadium purchased 565,235 Sleep Number shares from July 28 to Aug. 22 at per share prices of $22.40 to $30.11. Stadium acquired an additional 155,000 Sleep Number shares on Aug. 18 through call options struck at $25 each. Stadium now owns an 8.5% interest in Sleep Number.
Stadium noted that it was “concerned” with Sleep Number’s performance and feels board representation is “needed to drive improvements to [Sleep Number’s] governance, capital allocation, and operations.” To that end, Stadium has been in talks with Sleep Number “regarding composition of the board and opportunities to enhance shareholder value.”
Increases in Holdings
SciPlay
(SCPL)
Gamco Investors
(GBL) lifted its interest in the mobile-gaming company to 1,204,292 shares, including 4,000 shares owned by founder Mario Gabelli. Gamco purchased 665,648 SciPlay shares from July 19 to Aug. 24 at prices of $19.49 to $22.73 each. Gamco now holds 5.7% of SciPlay’s stock. On Aug. 8, SciPlay agreed to
Light & Wonder’s
(LNW) offer to acquire the remaining 17% interest in SciPlay that it doesn’t own for $22.95 per share in cash. The deal is expected to close during in fourth-quarter 2023.
Decreases in Holdings
Newell Brands
(NWL)
Icahn Capital cut its interest in the consumer-products company, home to brands Rubbermaid, Mr. Coffee, and Coleman, among others, to 20,412,865 shares. Icahn Capital sold 5,024,260 Newell shares from Aug. 14 through Aug. 30 at prices of $10.21 to $10.58 each. Icahn Capital gave no reason for the sales, which leave it with 4.93% of Newell’s outstanding stock, below the 5% threshold that would require the disclosure of any future Newell stock sales.
Donnelley Financial Solutions
(DFIN)
Simcoe Capital reduced its holding in the compliance-reporting services company to 3,084,560 shares. That figure includes 36,088 shares held by Simcoe founder Jeffrey Jacobowitz plus an additional 10,214 underlying restricted stock units. Simcoe sold 395,535 Donnelley shares from Aug. 10 through Aug. 28 at prices ranging from $46.50 to $49.28 apiece. Simcoe now holds 10.5% of Donnelley’s outstanding stock.
Alkermes
(ALKS)
Sarissa Capital slashed its stake in the biopharmaceutical company to 8,323,400 shares. From July 27 to Aug. 24, Sarissa sold 5,716,600 Alkermes shares at $27.52 to $30.27 each. Sarissa now owns a fraction of a percent below the 5% threshold that would require the disclosure of any further Alkermes stock sales.
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