Just when I said BDAL insiders hadn't sold much . . .
>>BILLERICA, Mass., Nov 8, 2001 (BUSINESS WIRE) -- Bruker Daltonics Inc. (NASDAQ: BDAL chart, msgs) today reported that following the close of trading on November 7, 2001, four members of the Laukien Family each have sold 500,000 shares of Bruker Daltonics, or an aggregate of 2.0 million shares, in a block trade transaction handled by UBS Warburg.
For each selling shareholder, the number of shares sold represents approximately 5.5% of such shareholders ownership of Bruker Daltonics shares. As a result of this transaction, the public float of the Company has increased from approximately 9.4 million shares, or 17%, to approximately 11.4 million shares, or 20%, of the issued stock. Frank Laukien, the Company's President and CEO, did not sell any shares.
The Company's CFO, John Hulburt, said: "This sale was in response to recent increased trading activity, and serves to increase the Company's public float and offer greater liquidity for its investors. The members of the Laukien family remain committed to Bruker Daltonics, but in the long run are willing to see the public ownership and public float of the Company increase."<<
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This, along with any general market weakness -- seems we're due for a breather, to me -- should bring BDAL to its "cover and go long" targets.
Cheers, Tuck |
