(Bloomberg) It turns out that having Leon Cooperman for a grandpa is pretty much exactly like you’d expect: On July 28, 2010, at approximately 6:59 a.m. EDT, APL publicly announced for the first time that it was selling Elk City for $682 million. As a result, on that day, APL’ s stock price increased approximately 31% and other APL-related securities greatly increased in value.
Hedge-Fund Son Thought Hedge-Fund Dad’s Trades Were Pretty Fishy
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