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Sotheby's (BID.N)

BID.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sotheby's says it has adopted rule 10b5-1 plan for purpose of repurchasing shares of its common stock
Tuesday, 7 Mar 2017 04:24pm EST 

Sotheby's : Says it has adopted a rule 10b5-1 plan for purpose of repurchasing shares of its common stock .Sotheby's says the repurchase of shares is to offset shares recently granted by company as equity compensation for executive and other officers.  Full Article

Sotheby's posts Q4 earnings per share of $1.20
Monday, 27 Feb 2017 07:00am EST 

Sotheby's : sotheby’s reports fourth quarter and full year 2016 financial results . Q4 earnings per share $1.20 . Q4 earnings per share view $1.17 -- Thomson Reuters I/B/E/S . Q4 adjusted earnings per share $1.35 .Sotheby's - unaudited qtrly revenues $308.7 million versus $335.8 million.  Full Article

Sotheby's and Artmyn to collaborate on an exclusive digital pilot project in 2017
Thursday, 26 Jan 2017 09:30am EST 

Sotheby's :Sotheby's - sotheby's and Artmyn to collaborate on an exclusive digital pilot project in 2017.  Full Article

Sotheby’s appoints Linus Cheung to board
Monday, 7 Nov 2016 07:00am EST 

Sotheby's : Sotheby's says Linus Wing Lam Cheung is retired chief executive officer of Hong Kong Telecom . Sotheby's says in connection with cheung's appointment, sotheby's and Taikang insurance group, have entered into an agreement . Sotheby's says Taikang has agreed it will not increase its ownership position beyond 15% for a period of three years, subject to certain conditions .Linus W. L. Cheung appointed to sotheby’s board of directors.  Full Article

Sotheby's says increases share buyback by $75 mln
Tuesday, 4 Oct 2016 01:04pm EDT 

Sotheby's : Company's Payments Under Share Repurchase Agreement Were Funded With Cash On Hand. . Entered Into A Share Repurchase Agreement With Funds Managed By Marcato Capital Management LP . Agreed To Purchase 2 Million Shares Of Co's Common Stock For $73.8 Million . On September 30, 2016, Company's Board Of Directors Approved A $75 Million Increase To Company's $325 Million Share Repurchase Authorization . Approximately $40 Million Remains Authorized And Unused Under Company's Increased Share Repurchase Authorization Source (http://bit.ly/2d0DVPN) Further company coverage: [BID.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Third Point Llc ups stake in Sotheby's to 12.1 pct as of Aug. 15
Tuesday, 16 Aug 2016 05:22pm EDT 

Third Point Llc:Third Point Llc increases stake in Sotheby's to 12.1 pct as of Aug 15, 2016 from 10.75 pct as of Feb 26, 2016 - SEC filing.  Full Article

Sotheby's Q2 earnings per share $1.52
Monday, 8 Aug 2016 07:00am EDT 

Sotheby's : Sotheby's reports second quarter 2016 financial results . Q2 earnings per share $1.52 . Q2 adjusted earnings per share $1.51 .Qtrly total revenues $298.7 million versus $332 million.  Full Article

Sotheby's says incremental credit facility maturity date extended by a year
Thursday, 28 Jul 2016 09:11am EDT 

Sotheby's : Sotheby's and certain of its wholly-owned subsidiaries are parties to a credit agreement dated august 22, 2014 - SEC filing .On July 22, incremental facility maturity date was extended by one year to August 22, 2017, in accordance with terms of credit agreement.  Full Article

Taikang Life Insurance Co Ltd reports 13.52 pct stake in Sotheby's, as of July 18, 2016- SEC filing
Wednesday, 27 Jul 2016 06:02pm EDT 

: Taikang Life Insurance Co Ltd reports 13.52 pct stake in Sotheby's, as of July 18, 2016-SEC filing Source (http://bit.ly/2aLaOx5) (Bengaluru Newsroom: +1-646-223-8780).  Full Article

IMAX says names Patrick McClymont as chief financial officer
Monday, 6 Jun 2016 02:33pm EDT 

Imax Corp - : McClymont succeeds Joe Sparacio . McClymont was most recently executive vice president and chief financial officer at Sotheby's . Sparacio will hold position until McClymont joins in august and will stay at IMAX through November to work with him on transition .IMAX names Patrick McClymont chief financial officer.  Full Article

More From Around the Web

$60 million 'Pink Star' diamond to be auctioned by Sotheby's

LONDON, March 20 A 59.60-carat mixed cut diamond known as "The Pink Star" will be auctioned in Hong Kong next month by Sotheby's which said it could fetch upwards of $60 million to make it the most expensive diamond of its kind ever sold.