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
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.firstname.lastname@example.org;)). Full Article
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
: 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
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.