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Lenox investors led by the Clinton Group increase stake in company to 9.6%
By Lisa Kerner
Charlotte, N.C., Feb. 28 - Lenox Group Inc. investors led by the Clinton Group, Inc. continued to increase their stake in the company with the purchase of 203,453 shares of Lenox stock priced between $3.93 and $5.18 per share from Feb. 16 through Feb. 27.
The Clinton Group and other reporting persons beneficially own 1,352,033 shares, or 9.6% of the shares outstanding, according to a schedule 13D filing with the Securities and Exchange Commission.
On Feb. 9, the investors reported a 6.8% stake in the company.
Shares of the Eden Prairie, Minn., gifts and collectibles distributor (NYSE: LNX) closed at $4.99 on Feb. 27.
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