Invesco Ltd.: Form 8.3 – Take-Two Interactive Software Inc.

PUBLIC DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1.         KEY INFORMATION (a) Full name of discloser: Invesco Ltd.(b) Owner or controller of interests and short positions disclosed, if different from 1(a):     The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.  (c) Name of offeror/offeree in relation to whose relevant securities this form relates:     Use a separate form for each offeror/offeree   Take-Two Interactive Software Inc.(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  (e) Date position held/dealing undertaken:     For an opening position disclosure, state the latest practicable date prior to the disclosure   24-12-2020(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?     If it is a cash offer or possible cash offer, state “N/A”   No   2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a)   Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security:   Common Stock US8740541094      InterestsShort positions Number %Number %(1) Relevant securities owned and/or controlled: 2,102,345 1.827%   (2) Cash-settled derivatives:         (3) Stock-settled derivatives (including options) and agreements to purchase/sell:              TOTAL: 2,105,345 1.827%    All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (73) Rights to subscribe for new securities (including directors’ and other employee options) Class of relevant security in relation to which subscription right exists:  Details, including nature of the rights concerned and relevant percentages:   3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1©, copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a)           Purchases and sales Class of relevant security Purchase/sale   Number of securities Price per unitCommon Stock Sale 2 202.47 USDCommon Stock Sale 6 202.50 USDCommon Stock Purchase 6 202.47 USDCommon Stock Purchase 2,041 202.50 USD  (b)       Cash-settled derivative transactions Class of relevant security Product descriptione.g. CFD Nature of dealinge.g. opening/closing a long/short position, increasing/reducing a long/short  position Number of reference securities Price per unit            (c)        Stock-settled derivative transactions (including options) (i)         Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Typee.g. American, European etc. Expiry date Option money paid/ received per unit                (ii)        Exercise Class of relevant security Product descriptione.g. call option Exercising/ exercised against Number of securities Exercise price per unit            (d)        Other dealings (including subscribing for new securities) Class of relevant security Nature of dealinge.g. subscription, conversion Details Price per unit (if applicable)          4.         OTHER INFORMATION (a)        Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state “none”None (b)        Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:(i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state “none”  None   (c)        Attachments Is a Supplemental Form 8 (Open Positions) attached? NO Date of disclosure: 29-12-2020Contact name: Sam Edwards Telephone number: +441491 416381 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk.  The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk. […]


How British spy George Blake became a KGB colonel

The MI-6 operative was one of those double agents of the Cold War era, who worked for the USSR in service of an idea – not money. And neither the breakup of the Soviet Union, nor that of the socialist regimes across the globe as a whole, could deter him from his faith in communism. […]


Will The SPY ETF Reach $500 By 2022?

Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.We surveyed a group of over 500 investors on whether the SPDR S&P 500 ETF Trust (NASDAQ: SPY) will reach $500 by 2022.What Are ETFs? ETF stands for exchange-traded funds. An ETF is an investment fund that trades on a stock exchange along with stocks for individual companies. ETFs track a sector, represent a commodity (like gold, oil or wheat) or sample a basket of stocks or bonds that meet a given criteria.The SPY ETF tracks the S&P 500. Exchange-traded funds are popular with investors given they can help mitigate risk in your portfolio.Tesla S&P Inclusion If you’re concerned the inclusion of Tesla Inc (NASDAQ: TSLA) into the S&P 500 could destabilize the SPY ETF as a whole, consider the EV company represents only 1.6% overall weighting for the index fund.Benzinga recently reported that in a worst-case scenario in which Tesla gives up all its gains from the past two years, it would represent about 90% downside for the stock. At a 1.6% overall weighting for Tesla, that 90% downside would still only translate to a 1.44% decline for the S&P 500.SPY Forecast 2021 Nearly 60% of Benzinga traders and investors told us the SPY ETF would reach $500 by the end of next year. Those who participated in our study said SPY will see strength given the belief the US economy will significantly recover in 2021 and tech stocks will out-perform markets in 2021.As an index fund SPY is indeed tech-dependent- roughly one-third of represented companies in SPY are in the tech sector. Respondents to our study also believe consumer discretionary spending will increase in sympathy with an improving U.S. economy in 2021, led by tech giants Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT) and Amazon (NASDAQ: AMZN).Taking a look at SPY’s weighted average by market capitalization, the three FAANMG companies represent about 17% of the ETF’s market cap as of publishing.See Also: Blue Chip Stocks.This survey was conducted by Benzinga in December 2020 and included the responses of a diverse population of adults 18 or older.Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 500 adults.See more from Benzinga * Click here for options trades from Benzinga * Will SmileDirectClub Stock Reach By 2022? * Thinking About Buying Stock In GameStop, Qualcomm, Shell Or Palantir?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. […]

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Greek police detain Turk consular official on spy claim

Police in Greece have detained a Turkish consular official on suspicion of spying, a senior Greek source said on Friday, in a case likely to further strain troubled relations between the two NATO allies. Turkey’s foreign ministry swiftly condemned the arrest, saying it violated the consular official’s rights. The official, a Greek national employed with the Turkish consulate on the island of Rhodes, was arrested on Friday after being questioned a week ago. […]


The TSA’s secret program to spy on you past security is under fire

On Nov. 25, the Office of Inspector General for the Department of Homeland Security (DHS) released a critical report about the TSA’s “Quiet Skies” Program and, speaking candidly, the TSA’s mismanagement of it. Back in 2018, the Boston Globe revealed the existence of the Quiet Skies program designed to have air marshals track suspicious passengers … […]


Darktrace Says Its AI Can Be Used for Employee Monitoring

(Bloomberg) — Darktrace Ltd.’s artificial intelligence could be used to better “understand the productivity and performance” of employees, the British company’s Chief Strategy Officer Nicole Eagan said.“There are adjacent applications” for businesses beyond the cybersecurity functions it focuses on now, Eagan said at the Web Summit conference on Thursday. The technology could also be used to help companies monitor compliance with laws like Europe’s GDPR data protection regime.Employers Panic-Buy Spy Software to Keep Tabs on Remote WorkersThe company’s technology works by learning how companies function, monitoring different processes such as employee email patterns to discover irregularities that might flag potential fraud or hacking vulnerabilities. Darktrace’s ability to autonomously respond to such irregularities could lead to other applications for businesses, Eagan said.A number of companies have turned to employee-monitoring software during the pandemic to help manage productivity from a suddenly remote workforce. These types of programs, which can monitor how long workers are logged on or the amount of time it takes to finish a task, can raise privacy concerns, particularly if people aren’t aware of the surveillance.Barclays Plc was investigated by the U.K.’s Information Commissioner’s Officer for using employee-monitoring tools earlier this year. The bank said the rollout was a limited pilot.Darktrace also aims to make its AI more holistic, moving to systems that can be “self healing” after a cyberattack, Eagan said. The company last year introduced an AI “analyst” that can interpret the system’s own findings as it searches for irregularities.The company, founded in 2013, is weighing an initial public offering as soon as next year.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. […]