Director William Tiefel acquired 13,397 common shares through stock options. The shares were priced between $14.49 and $19.98 for a total value of $225,893.
Senior vice president Mohammad Shamim acquired 4,000 shares of common stock as a result of restricted stock units vesting on Sept. 25. He sold 1,324 shares at $59.75 per share for a total of $79,109.
Media General (MEG)
The company issued a press release confirming receipt of an unsolicited buyout offer from Nexstar Broadcasting Group. The release states the company continues to recommend its recent proposal to acquire Meredith Corporation and advises shareholders to take no action at this time as the Nexstar proposal is reviewed with advisors.
Performance Food Group
The food distributor announced it will offer nearly 11.3 million shares of common stock at a maximum price of $25 per share in a planned IPO that would raise about $282 million. The company had previously said it would offer 14.5 million shares to raise about $400 million.
Vice President Mary Jane Hellyar disposed of 1,622 shares of common stock in accordance with the company’s retirement savings plan.
CFO Ward Dickson sold 2,501 shares of common stock at $58.79 per share for a total of $147,033.
Xenith Bankshares (XBKS)
The parent of Xenith Bank entered into an amended credit agreement with Raymond James Bank to increase the amount of money the company can borrow to $17 million.