Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for eSpeed Inc. > News item |
Chapman sells off shares of eSpeed, retains 6.0% stake in company
By Lisa Kerner
Charlotte, N.C., May 21 - eSpeed, Inc. investors led by Chap-Cap Activist Partners Master Fund, Ltd. and Chapman Capital LLC sold 362,244 shares of the company's stock from April 18 to May 18, priced between $1.52 and $10.54.
The reporting persons beneficially own 1,787,564 shares, or 6.0%, of eSpeed's outstanding stock, according to a schedule 13D filing with the Securities and Exchange Commission.
Chapman Capital's Robert L. Chapman, Jr. has been critical of the company in recent weeks, seeking to replace board members and demanding that eSpeed retain an independent auditor to review its joint service agreement. The investor also wanted all class B common shares converted into class A common stock as well as an auction of the company, a company news release stated.
On April 18, Chapman reported a 9.3% stake in the New York trading technology company.
© 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.