Investor Alert

Oct. 31, 2005, 12:01 a.m. EST

13D Filings

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Texas Pacific Land Corp. (TPL)

or Cancel Already have a watchlist? Log In

13Ds are filed with the Securities and Exchange Commission within 10 days of an entity's attaining a 5% or more position in any class of a company's securities. Any subsequent change in holdings or intentions must be reported on an amended filing. This material has been extracted from filings released by the SEC from October 20 through 26.

Source: Corporate Filings Alert, Washington


PRG-Schultz International (PRGX)
A group including Cannell Capital withdrew its offer to buy all of the company's outstanding common for $3.43 a share in cash. The Cannell group owns about 7.48 million shares (12% of the total outstanding), including 1.58 million issuable upon conversion of the company's 4.75% convertible subordinated notes. The Cannell group said it still seeks maximization of the value of the company's shares, and may look at strategic initiatives to enhance shareholder value. It didn't say why it had withdrawn the purchase offer.

Texas Pacific Land Trust /zigman2/quotes/203839070/composite TPL +0.93% (TPL)
Mercury Real Estate Advisors is "disappointed" with the company's "passive nature" in selling its land holdings. Mercury believes now is the time to be a seller of real estate and says the company should accelerate its "erratic and reactive pattern of land sales." Mercury urged the company to use its $10 million of idle cash to repurchase shares. Mercury Real Estate reported ownership of 203,350 shares (9.3%).

Bally Total Fitness Holding (BFT)
Pardus Capital Management is "disappointed" with the company's recently announced adoption of an interim poison-pill plan. The plan gives shareholders the ability to purchase preferred stock if any individual or group acquires 15% or more of Bally's common. Bally Total Fitness said it had adopted the plan in response to what it characterized as recent "significant accumulations of shares" by various buyers. Pardus Capital sees the adoption of the poison pill as "a further effort to entrench the management team." Pardus, which intends to nominate candidates to Bally Total Fitness' board, also complained that Bally's management hadn't given "timely consideration" to these candidates. Pardus Capital has 5 million shares (14.4%).

Korea Fund /zigman2/quotes/201711220/composite KF +0.19% (KF)
City of London Investment Group withdrew its two nominees to the fund's board after the fund's chairman, Robert Callander, resigned. The group said it supports the fund's decision to reduce the board from seven to five members and also backs the fund's nomination of Kesop Yun, a director who will run for re-election at the annual stockholder meeting, scheduled on Dec. 14. The group owns 5,440,119 shares (18.15%).

Original Filings

Perceptron (PRCP)
Investor Richard L. Scott applauded the company's recently announced stock repurchase plan and indicated that Perceptron should go private. Scott believes the company, with more than $20 million of net cash on its balance sheet, is "overcapitalized" and that the stock would be worth significantly more than its recent price of $6.35 in a private sale. Scott has 446,880 shares (5.06%).

Increases in Holdings

Action Performance (ATN)
Funds run by Gamco Investors /zigman2/quotes/201885596/composite GBL -1.38% (GBL), formerly Gabelli Asset Management, raised their stake to 1.63 million shares (9.81%) by buying 181,000 from Sept. 26 to Oct. 24 at $12.32 to $12.67 each.

CapitalSource (CSE)
Investors including Madison Dearborn Partners own 17,822,837 shares (12.8%), after buying about 1.5 million from Oct. 14 to 20 at $21.90 to $22.43 apiece.

Linens 'N Things (LIN)
Investor Jakup a Dul Jacobsen increased his stake to 5.39 million shares (11.9%), by buying 909,400 from Oct. 21 to 25 at $24.20 to 24.82 each.

Trump Entertainment Resorts (TRMP)
Prides Capital Partners raised its holdings to 2,285,610 shares (8.44%) after buying 327,000 from Sept. 22 to Oct. 21 at $16.36 to $18.02 a share.

Decreases in Holdings

Imagistics International /zigman2/quotes/205518561/composite IGI -1.35% (IGI)
Funds run by Gamco Investors cut their holdings to 7,100 shares (0.05%), selling 818,500 on Oct. 21 at $42 apiece.

E-mail comments to editors@barrons.com
$ 1,656.82
+15.27 +0.93%
Volume: 29,412
Aug. 5, 2022 4:00p
P/E Ratio
Dividend Yield
Market Cap
$12.83 billion
Rev. per Employee
$ 25.87
+0.05 +0.19%
Volume: 2,614
Aug. 5, 2022 4:10p
$ 20.68
-0.29 -1.38%
Volume: 5,318
Aug. 5, 2022 4:10p
P/E Ratio
Dividend Yield
Market Cap
$548.07 million
Rev. per Employee
$ 17.60
-0.24 -1.35%
Volume: 15,389
Aug. 5, 2022 4:10p

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.