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Trading Day: Local SEC filings for 1.19.17

Jonathan Spiers January 19, 2017 0

Altria (MO)

The tobacco giant acquired privately held Sherman Group Holdings and its Nat Sherman subsidiaries. The cigarette and cigar manufacturer joins Altria’s smokeable products segment. Terms of the Jan. 17 deal were not disclosed.

CarMax (KMX)

Executive VP Edwin Hill exercised options for 24,894 shares of common stock, selling them at $66.53 per share for a total of $2,321,497.

CFO Thomas Reedy exercised options for 30,000 shares of common stock, selling them at $67.15 per share for a total of $2,014,500.

Director Mitchell Steenrod exercised options for 8,600 shares of common stock, selling them at $67.24 per share for a total of $578,264.

The used car retailer released exhibit slides used in its analyst day webcast presentation on Jan. 12. The slides can be viewed here.

Media General (MEG)

The company completed its merger with Texas-based Nexstar Broadcasting Group. The cash and stock transaction closed Jan. 17 and is valued at $4.6 billion. Nexstar changed its name to Nexstar Media Group to reflect its broadened operations base, which not totals 171 television stations in 100 markets reaching approximately 39 percent of U.S. TV households. Annual revenues are projected to exceed $2.3 billion.

Universal Corp. (UVV)

CEO George Freeman III sold 30,237 shares of common stock at $65.90 per share for a total of $1,992,618.

The tobacco company announced Jan. 12 that CFO David Moore is taking a temporary medical leave of absence. Other executives will assume Moore’s management duties in his absence, and Freeman will act as principal financial officer.

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