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 May 17 through 23.
Source: Corporate Filings Alert, Washington
Texas Pacific Land Trust
Mercury Real Estate Advisors called for the company to accelerate its stock-buyback program. Mercury also said that Texas Pacific should split its subshares, 10-for-1, to "create greater liquidity and round-lot affordability" for them. "We are tremendous believers" in Texas Pacific's "valuable assets and business plan." However, Mercury wants "more aggressive implementation" of the buyback. Mercury currently holds 171,887 shares (8.1% of the total outstanding).
Claxson Interactive Group
Black Horse Capital Management boosted its stake to 2,036,121 shares (9.4%) by buying 224,901 from April 18 to May 18 at prices that ranged from $12 to $12.75. In the past, Black Horse has said that a proposed buyout offer by Claxson's controlling shareholders is "entirely inadequate," and it urged the company's board to reject the bid. A special committee of independent directors was formed to evaluate the proposal.
Billionaire investor Kirk Kerkorian's Tracinda Corp. intends to enter into negotiations with MGM to purchase the entertainment and gaming company's Bellagio Hotel and Casino and City Center properties. Tracinda said it also wishes to pursue strategic alternatives with respect to its investment in MGM, the world's second-largest casino operator. These might include a financial restructuring involving all or a substantial portion of the remainder of the company. Tracinda owns 158.8 million shares (56%).