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May 28, 2007, 12:01 a.m. EDT

13D Filings

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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

Activists

Texas Pacific Land Trust /zigman2/quotes/203839070/composite TPL +3.27% (TPL)
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 XSONF 0.00% (XSONF)
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.

MGM Mirage /zigman2/quotes/209932643/composite MGM -0.61% (MGM)
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%).

nowide
Activist Spotlight Openwave Systems (ticker: OPWV) Business : Software and programming Stock-Market Value : $746 million What's Happening : On May 22, Harbinger Capital began a tender offer for up to 40,389,560 shares (which could raise its stake to 62% of the total outstanding) at $8.30 a share. (The stock recently was trading at $9.) If successful, Harbinger would merge OPWV with BridgePort Networks and make BridgePort chief Mike Mulica the new company's CEO. Harbinger would also pay an initial dividend from Openwave's excess cash. (Story, Plugged In.) Key Dates : June 1: Deadline for the board to respond to the tender offer. June 19: Expiration of the offer (unless extended). Aug. 10: Deadline for Harbinger to submit a proposal for inclusion in Openwave's proxy statement. Oct. 19-Dec. 28: The period in which Harbinger can submit shareholder proposals (including those for board nominees) not in the proxy. Behind the Scenes : Harbinger recently failed to get one of its two board nominees elected, so it's unlikely to win support for its below-market-price tender, conditioned on, among other things, redemption of a poison pill by the board. If Harbinger does get stockholder support for its offer but the directors reject it, it could seek to eliminate the poison pill or nominate two directors at the next annual meeting. That could give it three of the board's six seats. Harbinger can be relentless. In competitive bidding for Applica, it boosted its offer five times over four months before winning the company. This item is by 13DMonitor.com, a Website specializing in analyzing insiders' filings. For a full report, go to www.13DMonitor.com or call Ken Squire at 212- 223-2282.
/zigman2/quotes/203839070/composite
US : U.S.: NYSE
$ 1,710.94
+54.12 +3.27%
Volume: 34,976
Aug. 8, 2022 4:00p
P/E Ratio
34.89
Dividend Yield
0.70%
Market Cap
$12.83 billion
Rev. per Employee
$6.46M
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US : U.S.: OTC
$ 0.00
0.00 0.00%
Volume:
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
$39,899
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/zigman2/quotes/209932643/composite
US : U.S.: NYSE
$ 34.50
-0.21 -0.61%
Volume: 4.49M
Aug. 8, 2022 4:00p
P/E Ratio
4.83
Dividend Yield
0.03%
Market Cap
$14.79 billion
Rev. per Employee
$201,417
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