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Several matter pinch shares of
Twenty-First Century Fox (NASDAQ:FOXA) [Trend Analysis], as shares surging 0.57% to $28.18 with a share volume of 2.56 Million. FOX Networks Group Asia reported on Wednesday that it has filed legal actions in Hong Kong and Bangkok against The Bangkok Bank Public Co. Ltd. for failing to honor two separate bank guarantees. FOX is claiming amounts totaling over $71 million from Thailand’s largest bank.The two separate bank guarantees were for securing payments for distribution of its channels in Thailand by GMM Grammy Public Co. Ltd. and CTH Public Co. Ltd..
These were major operators of pay-TV platforms and the holders of licenses of failed digital television channels in Thailand. Under separate channel licensing contracts with FOX signed in 2013, GMM and CTH, in aggregate, have obligations to pay FOX a principal amount in excess of $71 million and interest on late payments. The stock is going forward its 52-week low with 26.00% and moving down fro
Here’s Why Vulcan Value Partners Sold its Hilton Worldwide (HLT) Stake
Vulcan Value Partners, an investment management firm, published its “Large Cap, Small Cap, Focus Composite, Focus Plus Composite, and All Cap Composite” first quarter 2021 investor letter – a copy of which can be downloaded here. Vulcan’s Large Cap Composite Fund delivered a 7.1% net return for the first quarter of 2021, 20.4% for the Small Cap, 5.5% for both the Focus Composite and Focus Plus Composite Fund, and 8.7% return was delivered by its All Cap Composite Fund for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.