TITLE

Investment group doubles Shermag holdings

AUTHOR(S)
Knell, Michael J.
PUB. DATE
November 2006
SOURCE
Furniture/Today;11/27/2006, Vol. 31 Issue 12, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports the acquisition of over one million shares of Shermag, a furniture manufacturer and importer, by an investment holding company Clarke Inc. The purchase has increased the Clarke's holdings by 2.1 million or about 19.49% of Shermag's outstanding common shares. According to company sources, the purchase was made for investment purposes. Melinda Lee, vice president of investments said that they are looking for troubled companies that have a potential.
ACCESSION #
23263400

 

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