ValueAct Capital revealed in its latest 13D filing that it enhanced stake in Dresser-Rand Group Inc. (NYSE:DRC) to 6.6% of the company’s common stock.
ValueAct’s filing, however, didn’t outline any specific plans and the filing contains only the standard boiler plate.
Massive increase in stake
ValueAct Capital’s recent 13D filing with the SEC highlights massive increase as the hedge fund only owned around 650,000 shares at the end of 2013. The 13D filing was required due to activity on February 18th, but they have been buying throughout January and February at prices ranging from $53 to $57.05.
ValueAct now owns around 5 million shares in...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
