Harbinger Capital Discloses a 6.8% Stake in Georgia Gulf (GGC)
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In a 13G filing after the close Friday on Georgia Gulf Corp. (NYSE: GGC), Harbinger Capital disclosed a 6.8% stake (2,335,000 shares) in the company. The firm did not discloses a common stock position at the quarter ended 12/31/07.
Georgia Gulf Corporation manufactures and markets chlorovinyls and aromatics chemicals, and vinyl-based building and home improvement products in the United States and internationally.
Harbinger Capital Partners, run by Philip Falcone, is a $8.7 billion hedge fund. Harbinger is a disciplined, value investor with an emphasis on intensive credit research. Its focus is on middle market companies that tend to be misunderstood or under-researched by the market. [LJ]
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