ModusLink Global Solutions Inc (MLNK): Harman & Handy Completes the First Purchases


Harman & Handy Ltd., a large shareholder at ModusLink Global Solutions Inc (NASDAQ:MLNK) disclosed today the purchase of 184,200 shares of common stock in two transactions. The first acquisition involved 135,700 shares at a price of $3.058 each on October 17, 2014. The second acquirement was completed on October 20, 2014, and included the remaining 48,500 shares for a unit price of $3.058. These are the first transactions done by Harman & Handy Ltd. this year.

Warren Lichtenstein’s Steel Partners is the largest shareholding institution (amongst those we track) at ModusLink Global Solutions Inc (NASDAQ:MLNK) with a total of 6,481,185 shares, at an estimated value of $24.2 million, after reporting no changes for the second quarter of 2014. Noah Levy and Eugene Dozortsev’s Newtyn Management, the second largest shareholding institution at ModusLink Global Solutions Inc (NASDAQ:MLNK) owns 1,902,000 shares, valued at an estimate $7.1 million, did report a 17% increment for the same period.

ModusLink Global Solutions Inc (NASDAQ:MLNK) through its wholly owned subsidiaries, ModusLink Corporation (ModusLink), ModusLink PTS, Inc. (ModusLink PTS) and Tech For Less LLC (TFL), executes supply chain and logistics services.

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