Long Pine Capital Boosts Stake in MSC Industrial Direct (MSM) to 10.8%
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In an amended 13G filing on MSC Industrial Direct Co. Inc. (NYSE: MSM), Long Pine Capital / Stephen F. Mandel disclosed a 10.8% stake (5,098,127 shares) in the company. This is up from the 9% stake (4,288,471 shares) held at the quarter ended 09/30/07.
MSC Industrial Direct is one of the premier distributors of Metalworking and Maintenance, Repair and Operation (MRO) supplies to industrial customers throughout the United States.
Lone Pine Capital is a $9 billion long/short equity hedge fund founded in 1997 by Steve Mandel. Prior to founding Lone Pine Capital, Mandel was senior managing director and consumer analyst at Tiger Management Corporation (1990-1997).
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