Jeff Ubben's activist firm ValueAct Capital has also filed both a Form 4 and a 13D with the SEC regarding its stake in Alliance Data Systems (ADS).
ValueAct now only owns 2.7% of the company with a little
over 1.377 million shares. This is down from the 3.7 million they
reported owning back at the end of Q2.
The Form 4 filing notes that ValueAct converted its previously disclosed 150,000 shares of Series A non-voting convertible preferred stock into 1.5 million shares of common stock. The 13D also indicates that ValueAct sold 2 million ADS shares at $101.50 on October 28th and sold another 1.83 million shares at $102 the next day.
Per Yahoo Finance, Alliance Data Systems "provides data-driven marketing and loyalty solutions worldwide."
Thursday, October 31, 2019
ValueAct Capital Reduces Alliance Data Systems Position
blog comments powered by Disqus
