Top Stories

Duke, Vanderbilt, Rutgers have connections

0


Hometown Deli, Paulsboro, N.J.

Mike Calia | CNBC

The investment funds of two U.S. universities, Duke and Vanderbilt, own significant chunks of stock in the mysterious company valued at $100 million by the stock market despite owning only a tiny New Jersey deli.

Duke’s and Vanderbilt’s shares in Hometown International were acquired by their Hong Kong-based arms under the direction of Maso Capital Partners, itself a Hong Kong entity that is an investor in the deli-owning company, financial filings reveal.

The shares of Duke and Vanderbilt, among the biggest stakes in Hometown International, were acquired in the past year as part of what financial filings indicate is an effort to use Hometown…



Source cnbc.com

Biden tax plan would raise $1.5 trillion from the wealthy

Previous article

Ethereum (ETH) price hits record high, stealing bitcoin’s limelight

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Top Stories