Gaiam investor Mill Road Capital reports 6.8% stake after purchases

By Lisa Kerner

Charlotte, N.C., April 8 - Mill Road Capital, LPG reported the purchase of 959,300 shares of Gaiam Inc. in a schedule 13D filed on Wednesday with the Securities and Exchange Commission.

The shares were acquired on March 3 and April 6 priced at $2.56 and $3.00 per share, respectively, the filing said.

Mill Road Capital beneficially owns 1,266,245 shares, or approximately 6.8%, of Gaiam's outstanding stock.

Gaiam, based in Broomfield, Colo., manufactures and sells earth-friendly cleaners and yoga products.

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