Marcato Capital Raises Stake in DineEquity (DIN) to 5.54% - 13D
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Price: $70.46 -0.07%
Overall Analyst Rating:
NEUTRAL (
Up)
Dividend Yield: 4.3%
EPS Growth %: -16.2%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 4.3%
EPS Growth %: -16.2%
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In a 13D filing after the close on DineEquity (NYSE: DIN), Richard T. McGuire III's hedge fund Marcato Capital disclosed a 5.54%, or 1,021,486 share, stake in the company. This is up 32.40% from the 771,486 shares held at the end of the latest quarter ending September 30, 2012.
From the Filing:
The Reporting Persons have engaged, and expect that in the future they will continue to engage in discussions with and/or meet with management, the Board of Directors of the Issuer, potential acquirers, financing sources and other shareholders and/or formulate plans or proposals regarding the Issuer or its securities. As part of such activities, the Reporting Persons may take positions or make proposals with respect to, among other things, the Issuer's capital structure and policies regarding returning capital to shareholders, operations, management, Board of Directors composition, strategy and future plans, as a means of enhancing shareholder value. Such suggestions or positions may include one or more plans or proposals that relate to or would result in any of the actions required to be reported herein.
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From the Filing:
The Reporting Persons have engaged, and expect that in the future they will continue to engage in discussions with and/or meet with management, the Board of Directors of the Issuer, potential acquirers, financing sources and other shareholders and/or formulate plans or proposals regarding the Issuer or its securities. As part of such activities, the Reporting Persons may take positions or make proposals with respect to, among other things, the Issuer's capital structure and policies regarding returning capital to shareholders, operations, management, Board of Directors composition, strategy and future plans, as a means of enhancing shareholder value. Such suggestions or positions may include one or more plans or proposals that relate to or would result in any of the actions required to be reported herein.
For more notable holders of DineEquity stock click here.
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