Harbinger Capital Continues To Aggressively Buy AK Steel (AKS)
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Harbinger Capital (Harbert Management) raised its stake in AK Steel (NYSE: AKS) by 1,538,955 shares to 16,100,000 shares.
Harbinger/Harbert bought shares from 4/7-4/8 at prices from $63.11-$63.42.
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]
You Can Track News on Harbinger Capital Here: http://www.streetinsider.com/entities/Harbinger+Capital
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