Southeastern Asset Boosts Stake in Worthington (WOR) to 10.1%
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In a 13G filing on Worthington Industries, Inc. (NYSE: WOR), Southeastern Asset Management disclosed a 10.1% stake (8,206,238 shares) in the company. This is up from the 8.7% stake (7,089,481 shares) the firm held at the quarter ended 9/30/07.
Worthington Industries, Inc. operates as a diversified metal processing company focusing on steel processing and manufactured metal products primarily in the United States, Canada, and Europe.
Southeastern Asset Management seeks to achieve superior long-term performance by acquiring equity securities of financially strong, well-managed companies run by capable managements at market prices significantly below our assessment of their business value.
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