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Published on 7/25/2008 in the Prospect News Special Situations Daily.

Riley acquires 290,748 shares in MAIR, raising stake to 9.1%

By Susanna Moon

Chicago, July 25 - MAIR Holdings, Inc. investors led by Riley Investment Management LLC bought 290,748 shares at prices from $3.40 to $3.70 between July 21 and July 24, according to a 13-D filing with the Securities and Exchange Commission.

The purchases raise the stake to 652,427 shares, or 9.1% of the total outstanding.

Minneapolis-based MAIR operates as a holding company that offers regional air carrier services.


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