Baupost Group Boosts Stake in A.C. Moore (ACMR) from 11.1% to 16.42%
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In a 13G filing after the close on A.C. Moore (Nasdaq: ACMR), Baupost Group disclosed a 16.42% stake (3,332,200 shares) in the Company. At the quarter ended December 31, 2007, Baupost showed a 11.1% stake (2,250,000 shares) in A.C. Moore. A 13G indicates a 'passive investment'.
A.C. Moore Arts & Crafts, Inc., together with its subsidiaries, operates as a specialty retailer of arts, crafts, and floral merchandise in the eastern region of the United States. [BCS]
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