Anonymous ID: b3b0e9 May 13, 2019, 3:22 p.m. No.6490803   🗄️.is đź”—kun

Carl Icahn buys $32m of Conduant Inc.

 

Conduent Incorporated is a provider of business process services, including transaction-intensive processing, analytics and automation services. The Company's segments include Commercial Industries, Healthcare and Public Sector. The Commercial Industries segment provides business process services and customized solutions to clients in a range of industries (other than healthcare). The Healthcare segment provides industry-centric business process services to clients across the healthcare industry, including providers, payers, employers, pharmaceutical and life science companies and government agencies. The Public Sector segment provides government-centric business process services and subject matter experts to the United States federal, state and local and foreign governments. The Government Health Enterprise (HE) Medicaid Platform for all current state clients and Student Loan businesses are included in Other.

Number of employees : 90 000 people.

https://www.marketscreener.com/CONDUENT-INC-32683206/company/

 

Icahn Capital Management LP

Last update 2019-05-13 18 Stocks (3 new)

Value $20.43 Bil Turnover 8 %

Countries: USA

Top Holdings: IEP(49.03%) CVI(12.02%) CYM: HLF(10.17%) LNG(6.78%) NWL(3.74%)

Carl Icahn is an activist investor. He takes minority stakes in public companies and typically pushes for change. He invests with three investment vehicles: the 7 billion hedge fund, Icahn Partners, American Real Estate Partners (AREP), a public traded private equity firm, and ICAHN MANAGEMENT LP, a $2 billion hedge fund. GuruFocus tracks the third portfolio, which covers all the stocks owned by Icahn Partners. Mr. Icahn has a personal wealth of $17 billion.

https://www.gurufocus.com/guru/carl+icahn/profile

 

Cap#2 Company was Manitowoc

Anonymous ID: b3b0e9 May 13, 2019, 3:44 p.m. No.6490956   🗄️.is đź”—kun

Vear Bradley 10% owner(s) sells shares-$5.35 m in 13 transactions.

 

It is a combination of a Trust, listed in cap and additional 10% owner's.

sneaky bastards.

Vera Bradley, Inc. (Vera Bradley) is a designer of women's handbags, accessories, luggage and travel items, eye-wear, and stationery and gifts. The Company's segments include Direct and Indirect. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories. The Direct business consists of sales of Vera Bradley products through factory outlet stores in the United States, verabradley.com, direct-to-consumer eBay sales and its annual outlet sale in Fort Wayne, Indiana. As of January 28, 2017, the Indirect business consisted of sales of Vera Bradley products to approximately 2,600 specialty retail locations, substantially all of which were located in the United States, as well as department stores, national accounts, third party e-commerce sites, the Company's wholesale customer in Japan, and third-party inventory liquidators.

 

Number of employees : 2 730 people.

https://www.marketscreener.com/VERA-BRADLEY-INC-6769495/company/

This stuff looks like something my grandmother would have.'

 

https://www.streetinsider.com/SEC+Filings/Form+4+Vera+Bradley%2C+Inc.+For%3A+May+09+Filed+by%3A+Barbara+B.+Baekgaard+2009+Grantor+Retained+Annuity+Trust/15491382.html

 

Grantor retained annuity trust

A grantor-retained annuity trust (commonly referred to by the acronym GRAT), is a financial instrument commonly used in the United States to make large financial gifts to family members without paying a U.S. gift tax.

Anonymous ID: b3b0e9 May 13, 2019, 3:50 p.m. No.6491002   🗄️.is đź”—kun   >>1162 >>1312 >>1343

Ex-Autonomy CFO sentenced in U.S. to 5 years prison over Hewlett-Packard fraud

 

(Reuters) - The former chief financial officer of British software company Autonomy was sentenced on Monday to five years in prison, after a U.S. jury found him guilty of fraud over the $11.1 billion sale of Autonomy in 2011 to Hewlett-Packard.

Sushovan Hussain, 55, was also fined $4 million and ordered to forfeit $6.1 million by U.S. District Judge Charles Breyer in San Francisco. The defendant plans to appeal.

 

Hussain and former Autonomy Chief Executive Mike Lynch are also defendants in a $5 billion civil fraud trial in London’s High Court, where Hewlett-Packard claimed they caused it to overpay for Autonomy by fraudulently inflating its value.

 

That trial began in March and is expected to last several months.

 

Lawyers for Hussain were not immediately available for comment. The office of U.S. Attorney David Anderson in San Francisco had no immediate comment.

 

U.S. prosecutors accused Hussain, who moved to England at age 7 from his native Bangladesh, of using backdated contracts and other forms of accounting fraud to inflate Autonomy’s revenue, in an effort to attract potential buyers.

 

Hussain, who is married and has two daughters, was convicted in April 2018 on 16 wire fraud, securities fraud and conspiracy counts.

 

Prosecutors had sought a 12-year prison term, while Hussain sought no more than one year and one day. Both sides agreed on the fine.

 

Hussain is scheduled to report to prison on June 15.

 

Autonomy was the linchpin of former Hewlett-Packard Chief Executive Leo Apotheker’s strategy to integrate his company’s computer and printer businesses with higher-margin software.

 

His plan backfired, and Hewlett-Packard took an $8.8 billion writedown a year after buying Autonomy, while accusing Lynch of accounting fraud.

 

Lynch, who founded Autonomy, was once seen as Britain’s answer to Microsoft Corp co-founder Bill Gates.

 

Hewlett-Packard split in 2015 into HP Inc and Hewlett-Packard Enterprise Co. The latter spun off much of its software business in 2017.

 

U.S. prosecutors have also criminally charged Lynch and former Autonomy vice president of finance Stephen Chamberlain over the Hewlett-Packard acquisition.

 

Lynch, through his lawyers, has denied criminal wrongdoing, and blamed the acquisition’s failure on Hewlett-Packard. Chamberlain has pleaded not guilty.

https://www.reuters.com/article/us-hpe-autonomy-cfo/ex-autonomy-cfo-sentenced-in-u-s-to-5-years-prison-over-hewlett-packard-fraud-idUSKCN1SJ29H?il=0