Boston, MA 10/09/2014 (wallstreetpr) – SFX Entertainment Inc (NASDAQ:SFXE) said its chief executive officer bought 575,000 shares of the stock in two transactions at an average price of $4.91 per share. The total value of the transaction was approximately $2,823,250.00. Following the completion of the transaction, CEO Robert F.X. Sillerman now directly owns 1,333,000 shares of SFX Entertainment’s stock, which is worth $5,705,240. In addition, Sillerman, under SEC Rule 10b5-1, has filed a stock purchase plan to buy up to an additional three million shares of SFX’s common stock, following the company’s third quarter operating results release, which will be announced in mid-November.
Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) has signed a multi-year supply agreement to provide fuel cell stacks for use in Plug Power Inc.’s GenDrive systems deployed in forklift trucks. The new deal, effective immediately, runs to the end of 2017, with the provision for two one-year extensions. Under the new agreement, Ballard’s FCgenTM-1020ACS air-cooled stacks will be used to power Class 3 pallet jacks; while to power Class 2 reach trucks and Class 1 counterbalanced lift trucks Ballard’s FCvelocityTM-9SSL liquid-cooled stacks will be used.
Nuance Communications Inc. (NASDAQ:NUAN)’s stocks have gone up ever since activist investor Carl Icahn tweeted that he will send an open letter to Apple Inc. (NASDAQ:AAPL) CEO Time Cook. Icahn’s tweet has prompted a fresh speculation that the investor may ask Cook to buy the voice recognition company Nuance Communications, in which Icahn holds a stake. It should be noted that Nuance’s voice recognition technology powers Apple’s Siri personal assistant application, but there has been no sign ever from Apple in buying this company. Rumors are rife that Icahn, in his open letter, will be pushing for Nuance sale, and the buyer could be world’s largest technology company Apple, which has been using Nuance’s software for its immensely popular Siri platform.
