Apple Hospitality REIT
The company advised its shareholders to reject an offer from California-based investment firm MacKenzie Capital Management to purchase 1 million shares of the REIT’s stock from shareholders at $7.25 per share. Apple REIT said in a letter to its shareholder that it’s an opportunistic offer by the West Coast firm “meant to take advantage of you and buy your shares at an unreasonably low price in order to make a profit and, as a result, deprive you of the potential value of your investment.”
MacKenzie has made many similar offers on several of Apple REIT’s other funds over the years, to which Apple REIT consistently makes the same recommendation of rejection.
Eastern Virginia Bankshares (EVBS)
Mark Hanna, who came to the company through its recent acquisition of Virginia Company Bank, acquired 1,502 shares at $6.39 per share and 98 shares at $6.25 each for a total of $10,200.
Markel (MKL)
Vice Chairman Anthony Markel sold 42 shares at $687 per share for a total sale of $28,850.
NewMarket (NEU)
The company said it has set the base salary for recently appointed CFO Brian D. Paliotti at $330,000, effective Jan. 1, 2015.
Village Bank & Trust Financial (VBFC)
Max Morehead Jr., an executive vice president, acquired 10 shares at $27.22 each and another 10 shares at $25.01 per share.
James Hendricks Jr., the company’s chief credit officer, acquired 10 shares at $22.75 each.
Apple Hospitality REIT
The company advised its shareholders to reject an offer from California-based investment firm MacKenzie Capital Management to purchase 1 million shares of the REIT’s stock from shareholders at $7.25 per share. Apple REIT said in a letter to its shareholder that it’s an opportunistic offer by the West Coast firm “meant to take advantage of you and buy your shares at an unreasonably low price in order to make a profit and, as a result, deprive you of the potential value of your investment.”
MacKenzie has made many similar offers on several of Apple REIT’s other funds over the years, to which Apple REIT consistently makes the same recommendation of rejection.
Eastern Virginia Bankshares (EVBS)
Mark Hanna, who came to the company through its recent acquisition of Virginia Company Bank, acquired 1,502 shares at $6.39 per share and 98 shares at $6.25 each for a total of $10,200.
Markel (MKL)
Vice Chairman Anthony Markel sold 42 shares at $687 per share for a total sale of $28,850.
NewMarket (NEU)
The company said it has set the base salary for recently appointed CFO Brian D. Paliotti at $330,000, effective Jan. 1, 2015.
Village Bank & Trust Financial (VBFC)
Max Morehead Jr., an executive vice president, acquired 10 shares at $27.22 each and another 10 shares at $25.01 per share.
James Hendricks Jr., the company’s chief credit officer, acquired 10 shares at $22.75 each.