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Stock impact report

Billionaire Salinas Sees Fortune Recover as Elektra Buys Back Shares [Yahoo! Finance Canada]

Blackrock Health Sciences Trust (BME) 
Most Read from Bloomberg The stock has rebounded more than 50% this week. That's added more than a billion dollars back to Salinas' fortune after his wealth had slumped by $5.5 billion when the stock began trading on Dec. 2 after a four-month halt. The shares pared last week's losses after Elektra started repurchasing equity on Dec. 6, making deals with big holders. Index tracking funds managed by companies such as BlackRock Inc. and The Vanguard Group are looking to sell the stock after Elektra was removed from Mexico's benchmark stock index following the company's trading suspension in July. Elektra bought back some 3.8 million shares in two trades on Monday and Tuesday at 350 pesos each, above where the stock was trading at the time, according to company filings with the stock exchange. Those trades are anonymous, but the amount is roughly equal to holdings of BlackRock Inc. and Vanguard funds, the biggest holders of Elektra besides Salinas, according to data complied by B Show less Read more
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