Update on Vince McMahon’s public listing of remaining TKO stock in todays Wrestling news
A Friday SEC filing contains no new information.
Some media outlets reported that a SEC filing made on Friday evening, stating Vince McMahon was selling all of his TKO stock, was breaking news.
It was only the next step of a process which began two weeks earlier.
TKO filed a document “related to resale up to 8,258,887 of our Class A Common Stock” which included McMahon’s remaining 8,021,405 share in addition to 234,424 of shares from WWE President Nick Khan and 3508 of shares by TKO Board Member Steven Koonin.
The filing on Friday was just a finalized version of the version that was released on April 12th and reported by many outlets, including ours.
By filing, this does not mean that all shares will be sold. Brandon Thurston, of Wrestlenomics, had previously “allowed the public to purchase them, and therefore might be able to allow McMahon Khan and Koonin to obtain a better deal, and to complete any transaction with less administrative friction.”
The stock closed Friday’s trading at $96.76/share. This is down from the $98 it closed at on the 12th of April.
In today’s Wrestling Observer Newsletter our Dave Meltzer reported sources telling him that McMahon is not interested in starting a new promotion but he would like to explore other business opportunities.
Update on Vince McMahon’s public listing of remaining TKO stock in todays Wrestling news, Chatalong Chatbox, Results will be Hidden inside a spoiler Button so you will not bet spoiled about direct results.
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