Salt Funds backs Veritas as share price continues to tumble

Wed, 14 Sep 2016

By Edwin Mitson Sept. 14 (BusinessDesk) - Salt Funds Management, which manages $1.6 billion of assets, has lifted its stake in Veritas Investments, taking advantage of a slump in the share price of the Mad Butcher franchisor. The fund manager bought 648,658 shares for $245,529.74 between Sept. 1 and Sept. 12, suggesting an average price of 37 cents a share and lifting its stake to 8.8 percent from 7.6 percent, a notice to the stock exchange shows. Veritas shares sank 9 percent today to 20 cents and have tumbled since it filed its 2016 un...

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