|
|
|
|
||
Douglas (family) still buying!American Superconductor's largest investor buys 934,000 more shares Boston Business Journal by James M. Connolly, reporter Date: Tuesday, October 4, 2011, 12:51pm EDT Related: Technology, Energy Related News * American Superconductor rebrands as AMSC * Sinovel files counterclaim against American Superconductor * American Superconductor spy pleads guilty to stealing secrets for Chinese * American Super case shines light on IP law and China * American Superconductor: Chinese firm's IP theft plot came from the top James M. Connolly reporter - Boston Business Journal At the end of a week when American Superconductor Corp. American Superconductor Corp. Latest from The Business Journals American Superconductor rebrands as AMSCSinovel files counterclaim against American SuperconductorAmerican Superconductor spy pleads guilty to stealing secrets for Chinese Follow this company (Nasdaq: AMSC) reported annual and quarterly losses en route to what it says will be a “better AMSC,” the company’s largest investor bought up almost a million shares. In a filing with the U.S. Securities and Exchange Commission, the company reported yesterday that Kevin Douglas of Larkspur, Calif., along with family members and family trusts, acquired 938,000 addition shares at prices ranging from $4.32 to $4.36 on Thursday and Friday of last week. Devens-based AMSC manufactures components and wiring for clean energy systems, and has been involved in a legal dispute with Chinese wind developer Sinovel Wind Group Co. Ltd. over contracted but unpaid product orders and alleged corporate espionage by Sinovel. The purchase by Douglas, founder and chairman of California-based Douglas Communications Inc., came just six months after Douglas reported acquisition of 3 million AMSC shares for $42.8 million. The latest purchase may bring Douglas’ holdings to more than 12 million shares or just over 23 percent of AMSC’s stock. As of 12:30 pm Tuesday, AMSC shares were trading at $3.53, up $0.11 or 3.25 percent. |
return to message board, top of board |