⁠Quiver Quantitative
RT @QuiverCongress: Senator Chuck Schumer just said:

We must protect TikTok’s future, while also protecting American national security.

Follow here for updates https://t.co/TDyjzcb3BI
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⁠Quiver Quantitative
Representative Michael McCaul recently bought up to $100K of stock in Fortinet, $FTNT.

Fortinet is a cybersecurity company.

McCaul sits on the House Committee on Homeland Security. https://t.co/uFELxPxF1G
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⁠Dimitry Nakhla | Babylon Capital®
“Good investment opportunities aren’t going to come along too often and won’t last too long. So you’ve got to be ready to act.”

— Charlie Munger 🗣️
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⁠Quiver Quantitative
We’ve been writing code to track politicians’ portfolios.

This new trade caught our attention: https://t.co/0xH9UjZMJ9
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⁠InsideArbitrage
📢 Elevator & escalator manufacturer - $OTIS Otis Worldwide Announces $2B Buyback! 💰

Otis has launched a new $2 billion share repurchase program, effective immediately, equal to ~5% of its market cap at announcement.

🔄 Alongside this, the Board canceled the remaining $100M from the prior buyback plan, approved on Dec 1, 2022.

📉 The firm has been gradually buying back, reducing its shares outstanding by ~6% over the last 3 yrs
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⁠Capital Employed
41 ‘fresh-off-the-press’ stock pitches we’ve enjoyed reading in the first 17 days of the new year… 👇

https://t.co/ygYNsjd8IZ https://t.co/Se9OU3XvXj
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⁠InsideArbitrage
Rio Tinto $RIO and Glencore Discussed Merger But Talks No Longer Active - Reuters

The talks between Rio and Glencore, which took place late last year, were brief and did not go anywhere.
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⁠InsideArbitrage
Figs $FIGS rejected Story3 Capital's offer to acquire Figs for $6 per share.

In a letter, Figs informed Story3 that the company’s Board remains confident in the Company’s standalone plan and prospects and has decided not to pursue Story3’s unsolicited acquisition proposal.

Medical-Apparel Maker Figs $FIGS Gets Takeover Bid From Private-Equity Firm - WSJ
⚕️Figs received a takeover offer from Story3 Capital Partners that valued the company at more than $1 billion.
⚕️Story3 offered $6 a share for the common shares outstanding of Figs that it doesn’t already own. Story3 and affiliated funds own a little over 1% of the company’s shares.
⚕️Story3 said that Fortress Investment Group, one of its strategic limited partners, is prepared to provide the debt financing for the deal. - InsideArbitrage
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⁠InsideArbitrage
🚨 $BBAI https://t.co/kk5HW6E1po Leadership Update

🏢 New CEO: Kevin McAleenan appointed as Chief Executive Officer and Board Member, effective Jan 15, 2025.

🎓 Background: McAleenan co-founded Pangiam, served as its CEO, and held key roles in U.S. Customs and Border Protection & Homeland Security.

💼 Compensation:
Base salary: $500K/year.
Annual bonus: 125% of base salary.
Initial equity award: $4M in restricted stock units (50%) & stock options (50%).

Amanda Long is stepping down as CEO & Board Member, transitioning to an advisory role.

Severance:
$1.125M (base salary + bonus).
$170K for health & welfare benefits.
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⁠InsideArbitrage
$HSY Hershey CEO Michele Buck Announces Retirement

🗓️ Retirement Date: Michele Buck, Chairman, President & CEO of Hershey, plans to retire effective June 30, 2026.

👩‍💼 Transition Plan:
- Will remain in current roles until a successor is appointed.
- Post-appointment: Transition to Special Advisor until June 30, 2026.

🔍Board forms a special committee to identify internal and external candidates with a top-tier search firm.

💰 Updated Compensation:

Base Salary: $1.4M annually.
2026 Bonus: 160% of base salary, prorated at 50%.
2025 Long-Term Incentive: $8.75M (35% restricted stock, 65% performance stock).
2026 Incentive: $4.375M (100% restricted stock).
Consulting Fee: $41,666.66/month during consulting period.
Retention Bonus: $8.5M ($3.5M in Jan 2025; $5M after June 2026).

Hershey reaffirms its 2024 financial outlook and will release its 2025 guidance in February. 📊
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