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Cohen's SAC Capital Boosts Stake in Pharmion (PHRM) to 8.3%

January 15, 2008 5:02 PM EST
In an amended 13D filing on Pharmion Corporation (Nasdaq: PHRM), Steven Cohen's SAC Capital disclosed an 8.3% stake stake (3,074,700 shares) in the company. This is up from the 7.1% stake disclosed in the original 13D.

Cohen's firm didn't make any direct requests of Pharmion, which is currently in a cash/stock merger agreement with Celgene Corporation (Nasdaq: CELG).

SAC Capital is a $14 billion multi-strategy hedge fund founded by Steven A. Cohen.

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