Actionable news
All posts from Actionable news
Actionable news in SHLD: Sears Holdings Corporation,

Major owner of Sears Holdings Corporation just disposed of 25,400 shares

Capital Management Fairholme, a major owner of Sears Holdings Corporation and a director of the company, recently disposed of 25,400 shares of the company. The disposals took place at $14.47 per share, on April 06, 2016. Fairholme still owns 42,865,121 shares of the company. Fairholme operates out of Miami, FL. Some additional info was provided as follows:

The securities were held in an account managed by Fairholme Capital Management, LLC ("Fairholme") and were sold pursuant to client instructions. Fairholme does not have any direct or indirect pecuniary interest in the managed account because Fairholme (i) does not receive any incentive compensation from the managed account and (ii) does not have a direct or indirect interest in the managed account. The securities may be deemed to be beneficially owned by Mr. Bruce R. Berkowitz ("Mr. Berkowitz") because he controls the sole member of Fairholme, which...