Jeff Ubben's activist investment firm ValueAct Capital has filed a Form 4 with the SEC concerning Adobe Systems (ADBE) and a 13D regarding Willis Group (WSH).
Supports Willis Group Merger
Per
the amended 13D filing, ValueAct continues to own 10.3% of WSH with over 18.4
million shares. This is the same exposure they had at the end of Q1.
The company just entered into a merger
agreement with Towers Watson (TW) and ValueAct has supported the
transaction and will vote in favor of it.
ValueAct Slightly Trims Adobe Systems Stake
Per the Form 4, ValueAct trimmed its ADBE stake by selling 307,000 shares spread out over June 26th, 29th, and 30th. They sold at prices of $83.55, $82.02, and $82.08. ADBE currently trades around $81. After these small sales, ValueAct still owns over 15.7 million shares of Adobe.
For more from this firm, we highlighted how they recently increased their Agrium stake as well.
Wednesday, July 1, 2015
ValueAct Capital Supports Willis Group Merger; Slightly Trims Adobe Systems Stake
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