Catenacci/Principled Asset Boosts Stake in Border Group (BGP) to 5.73%
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In a 13G filing after the close on Border Group (NYSE: BGP), Gerald Catenacci disclosed a 5.73% stake (3,367,100 shares) in the company. This is up from the 859,750 share stake held at the quarter ended 12/31/07 (disclosed through Principled Asset Administration).
Catenacci is the Managing Member of Principled Capital Management/Principled Asset Administration.
Shares of the book retailer closed up 6% today after the company finalized a financing agreement on improved terms with another large holder, Pershing Square Capital. [LJ]
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