Arnhold and S. Bleichroeder Advisers Discloses 11.12% Stake in IDACORP (IDA)
In a 13G filing this afternoon on IDACORP, Inc. (NYSE: IDA), Arnhold and S. Bleichroeder Advisers, LLC disclosed a 11.12% stake (5,002,280 shares) in the Company. As of September 30, 2007, the firm had showed a 1,922,460 share stake in IDACORP. A 13G indicates a \'passive investment\'.
IDACORP, Inc., through its primary subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, sale, and purchase of electric energy in the United States.
Arnhold and S. Bleichroeder Advisers offers asset management services to institutional and high net-worth individual investors. It prides itself on conducting extensive research into the firms in which it invests, including visiting prospective companies, and holding those investments for the long-term. It also invests heavily in international companies as well as those undergoing major structural changes, such as mergers and reorganizations.
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