| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers V > Headlines for Vertrue Inc. > News item |
Group of Vertrue shareholders purchase more than $20 million worth of company's stock
By Lisa Kerner
Charlotte, N.C., June 22 - Vertrue Inc. shareholders Parche, Inc., Starboard Value and Opportunity Master Fund Ltd. and RCG Ambrose Master Fund, Ltd. purchased 69,963; 256,969; and 84,068 shares of the company's common stock, respectively, priced at $48.75 per share for a total of $20,036,250 in a privately negotiated transaction.
Parche beneficially owns 179,601 shares, or 1.8%, of the company's stock, according to a schedule 13D filing with the Securities and Exchange Commission.
Starboard owns 269,401 shares, or 2.8%, and RGC owns 513,144 shares, or 5.3%, of the Norwalk, Conn.-based internet direct marketing services company's stock.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.