Top Insider Trading-Week ending 112020
Nuveen preferred Equity(JFR and JRO) sold by Knights of Columbus: $8.20B- Oct 28 and Nov 9
Nuveen is an American asset manager and wholly owned subsidiary of financial planning firm TIAA, itself known for its legacy focus on managing money for not-for-profit institutions such as universities and their employees. As a consequence of integration efforts over the last several years, Nuveen (or branded sub-affiliates) now manage the entirety of TIAA's own capital as well as all capital sourced from third parties. It is one of a limited number of non-sovereign money managers globally that have exceeded one trillion dollars in assets under management in recent years, and one of only a few that are not part of a larger organization offering retail or institutional banking at scale. Nuveen was founded in Chicago, Illinois in 1898 and originally focused solely on municipal bond underwriting and investments. While its investments today span nearly all major areas of capital markets, it is known for its size and influence in domestic fixed income generally, tax advantaged municipal bonds in particular and private real estate. The firm also runs several sustainable investing strategies that feature prominently in its marketing and media efforts. The firm's three major offices globally are Chicago (headquarters of Nuveen proper), Charlotte (headquarters of parent TIAA) as well as New York (home to many market facing employees). Dozens of smaller offices are maintained around the world to support regionally specific concerns.
LendingTree, Inc. sold by GCI Liberty, Inc: $1.007B-Nov 16
GCI Liberty To Sell Its Stake Of LendingTree
GCI Liberty, Inc. (GLIBA, GLIBP) has agreed to sell its stake of LendingTree, Inc. and agreed to unwind its forward sale contract on LendingTree shares. The gross proceeds of the sale are expected to be $1.007 billion. On August 6, 2020, GCI Liberty and Liberty Broadband entered into a definitive merger agreement under which Liberty Broadband has agreed to acquire GCI Liberty in a stock-for-stock merger. The HSR waiting period expired on October 9, 2020. The FCC released public notice of approval of transfer of control on October 23, 2020, which is expected to become a final order on December 2, 2020. GCI Liberty expects the combination to close no later than the first quarter of 2021.
Chairman of the Board of Liberty Media Corporation, Liberty Broadband Corporation, GCI Liberty, Inc. and Liberty Global plc. Dr. John C. Malone is Chairman of the Board of Liberty Media Corporation, Liberty Broadband Corporation, GCI Liberty, Inc. and Liberty Global plc. From 1996 to March 1999, when Tele-Communications, Inc. (TCI) merged with AT&T Corp., he was Chairman and Chief Executive Officer of TCI. Previous to that, from 1973 to 1996, Dr. Malone served as President and Chief Executive Officer of TCI. He currently serves on the Board of Directors for Qurate Retail, Inc., Discovery Communications, Inc., Charter Communications, Inc. and Lions Gate Entertainment Corp. Additionally, Dr. Malone is Chairman Emeritus of the Board for Cable Television Laboratories, Inc.
Greg B. Maffei-Chief Executive Officer, President and a director of GCI Liberty.
Maffei serves as President and CEO of Liberty Media Corporation, which owns media and entertainment businesses, including subsidiaries Formula 1, SiriusXM and the Atlanta Braves, and an interest in Live Nation Entertainment. He is President and CEO of Liberty Broadband Corporation, which consists primarily of a 25% voting stake in Charter Communications, as well as President and CEO of GCI Liberty, whose principal assets consist of its subsidiary GCI and interests in Charter Communications and Liberty Broadband. Maffei also serves as Chairman and CEO of Liberty TripAdvisor, which holds a controlling interest in Tripadvisor. Prior to joining Liberty in 2005, Maffei served as Co-President of Oracle, Chairman and CEO of 360networks, and CFO of Microsoft. He has also served as a Director of Barnes & Noble, Citrix, DIRECTV, Dorling Kindersley, Electronic Arts and Starbucks and was Chairman of Expedia and Starz. Maffei is a member of the Board of Trustees of Dartmouth College and Council on Foreign Relations.
There was a higher amount (than Nuveen) with a transaction involving Keurig/Dr, Pepper however that was announced several months ago as a divestment and is just another tranche involving that transaction.