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More P-E insiders cash in as Oaktree Capital (OAK) prices an upsized secondary (to 7M units from...

More P-E insiders cash in as Oaktree Capital (OAK) prices an upsized secondary (to 7M units from 6M) at $53.50 per share. The greenshoe option is for 15%, 1.05M shares. The company is using the proceeds to take out selling insiders. Two weeks ago, Apollo Global (APO) strategic investors and managing partners offered up 21.1M shares, and its CEO Leon Black has let it be known - now is the time to harvest. OAK -0.3% to $54.25 AH.
Comments (1)
  • Aristiphones
    , contributor
    Comments (1327) | Send Message
     
    Sign of a market top for pro's as I recall. I'll always remember that Mark Haines call on CNBC just prior to 2008 when Blackstone went public. Great leading indicator if you were listening...and knew what to look for.
    23 May 2013, 01:53 AM Reply Like
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