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Two Discover Financial Services executives ended 2010 by selling nearly $4 million in stock of the Riverwoods-based credit card company.
On Dec. 20, President Roger Hochschild sold 100,000 shares for an average price of $18.26. On Dec. 27, Chief Financial Officer Roy Guthrie sold 115,000 shares for an average price of $18.50, according to Securities and Exchange Commission records. Get the full story »
Lincolnshire-based BioSante Pharmaceuticals has signed a $18 million deal with several investors to sell 10.6 million shares of its common stock. Get the full story »
CNA Financial Corp. has offered to purchase the stock of CNA Surety Corp. that it doesn’t own.
CNA Surety, which provides surety and fidelity bonds, said its board of directors has formed a special committee to consider the proposal. CNA Financial is offering $22 for each share. Get the full story »
From Barrons | Robert C. McCormack, a director at ITW since 1993, sold 108,400 shares of ITW at an average price of $46.52 on June 21, raising about $5 million. After the sale McCormack, a co-founder of the private-equity firm Trident Capital, still held about 10.1 million shares, or a 2 percent stake in the Glenview-based company.
