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Crescendo Investments ups stake in Mothers Work to 8.8%
By Lisa Kerner
Charlotte, N.C., Jan. 2 - Mothers Work, Inc. investors led by Crescendo Investments II, LLC bought an additional 84,632 shares of the company's stock, raising their ownership of the company to 8.8% from an initial 7.5%.
The shares were purchased between Nov. 5 and Dec. 31 priced between $15.59 and $17.33 each, according to a schedule 13D filing with the Securities and Exchange Commission.
The reporting persons own 526,582 shares of the Philadelphia maternity wear retailer's outstanding stock.
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