Cohen's SAC Capital Accumulates 7.6% Stake in PF Chang's (PFCB)
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In a 13G filing after the close Friday on PF Chang's China Bistro Inc. (Nasdaq: PFCB), Steven Cohen's SAC Capital disclosed a 7.6% stake (1,838,886 shares) in the restaurant operator. The firm held 9,300 shares at the quarter ended 12/31/07.
P.F. Chang's China Bistro, Inc., through its subsidiaries, engages in the ownership and operation of restaurants in the United States. The company operates restaurants under the P.F. Chang's China Bistro and Pei Wei Asian Diner names.
SAC is a multi-strategy, $14 billion hedge fund founded by Steven A. Cohen in 1992. [LJ]
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